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Biden backs subsidies to keep nuclear plants alive, says Jennifer Granholm, energy chief.

Biden backs subsidies to keep nuclear plants alive, energy chief says, Washington Examiner. by Josh Siegel, Energy and Environment Reporter |   | May 06, 2021 The Biden administration is “eager” to work with Congress on subsidizing economically struggling nuclear plants to keep them from retiring, Energy Secretary Jennifer Granholm said Thursday.

The DOE has not historically subsidized plants, but this is a moment to consider to make sure we keep the current fleet active,” Granholm said in testimony about her agency’s budget request before an energy subcommittee of the House Appropriations Committee……

The Biden administration is “eager” to work with Congress on subsidizing economically struggling nuclear plants to keep them from retiring, Energy Secretary Jennifer Granholm said Thursday.

The DOE has not historically subsidized plants, but this is a moment to consider to make sure we keep the current fleet active,” Granholm said in testimony about her agency’s budget request before an energy subcommittee of the House Appropriations Committee……..

The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing, Reuters reported this week, but no Biden administration official had said so on the record.

Granholm, on Thursday, did not propose a specific type of subsidy, only floating that help for nuclear could be included as part of President Joe Biden’s $2.3 trillion infrastructure and climate spending proposal.

The White House is interested in working with Congress to provide production tax credits to nuclear plants, sources following the conversations have confirmed to the Washington Examiner.  https://www.washingtonexaminer.com/policy/energy/biden-subsidizing-nuclear-plants-energy

May 8, 2021 - Posted by | politics, USA

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