nuclear-news

Trump’s budget bill gives tax credits to save Vogtle nuclear plant expansion, and promote Small Modular Nuclear Reactors

Platts 9th Feb 2018, The budget bill President Donald Trump signed Friday morning to avert a shutdown of the US government includes a broadening of production tax credits for nuclear projects critical for the completion of two reactors at Georgia Power’s Vogtle station and designed to spur development of the first commercial small modular reactors in the US.

The 2,300-MW Vogtle plant  expansion in Waynesboro, Georgia, has experienced delays and cost overruns that threatened its completion. The Georgia Public Service Commission gave the go-ahead for rate recovery, which Georgia Power had said was crucial for completing the nuclear generating units. But the production tax credits were also a key element of the project’s economic case, Georgia Power officials have said.
https://www.platts.com/latest-news/electric-power/washington/us-budget-bill-includes-credits-for-georgia-nuclear-21293499

February 12, 2018 - Posted by Christina Macpherson | politics, Small Modular Nuclear Reactors