nuclear-news

USA’s $1.2tn bipartisan infrastructure bill provides $6bn to prop up ailing, aging, unprofitable nuclear power plants.

Ailing nuclear power plants propped up by US infrastructure law. A 2018 report from the Union of Concerned Scientists found that more than a third of American nuclear power plants were unprofitable.

The $1.2tn bipartisan infrastructure bill that Biden signed into law on Monday provides $6bn in
grants for struggling reactors.

The president’s “Build Back Better” spending bill under debate in Congress would also establish a nuclear power production tax credit worth billions of dollars. The federal funding follows bailouts in several US states for nuclear generators on the brink of closure.

 FT 17th Nov 2021

https://www.ft.com/content/faba7e8a-1983-4b47-9b70-ec903351a373

November 20, 2021 - Posted by Christina Macpherson | politics, USA