nuclear-news

U.S. Democrats launch bill allowing existing nuclear plants tax credit

U.S. Democrats launch bill allowing existing nuclear plants tax credit
Reuters  WASHINGTON, June 24 (Reuters) 25 June 21, – Five Democrats in the U.S. Senate introduced a bill on Thursday that would allow some existing nuclear power plants to receive a tax credit equal to an incentive already given to operators of wind power turbines.

The bill, led by Senator Ben Cardin, provides a production tax credit of $15 per megawatt hour for existing nuclear plant owners or operators in states such as New York, Illinois, and Pennsylvania which have deregulated power markets. Cardin’s state, Maryland, has two reactors at Exelon Corp’s (EXC.O) Calvert Cliffs plant…………………….. https://www.reuters.com/world/us/us-democrats-launch-bill-allowing-existing-nuclear-plants-tax-credit-2021-06-24/

June 26, 2021 - Posted by Christina Macpherson | politics, USA