Kinzinger and Doyle reunite to preserve existing nuclear

August 13, 2021, 12:04PMNuclear News
Kinzinger (left) and Doyle (right).

Last week, Reps. Adam Kinzinger (R., Ill.) and Mike Doyle (D., Pa.) introduced legislation that would establish a financial credit program for economically challenged nuclear power plants and would authorize funding for “nuclear closure communities.”

The Preserving Existing Nuclear Energy Generation Act (H.R. 4960) is the House companion to certain provisions in a Senate proposal that was reported favorably by the Senate Energy and Natural Resources Committee on July 14 and was subsequently included in the Infrastructure Investment and Jobs Act, the $1.2 trillion bipartisan package that the Senate passed earlier this week via a 69–30 vote.

Nuclear Matters asks for half a minute of your time

July 14, 2021, 3:00PMANS Nuclear Cafe

Advocacy group Nuclear Matters is urging members of the nuclear community to send a pre-drafted letter to their representatives on Capitol Hill in support of companion bills H.R. 4024 and S. 2291, the Zero-Emission Nuclear Power Production Credit Act of 2021. The legislation calls for amending the Internal Revenue Code to establish a tax credit to help existing merchant nuclear plants continue operations.

PSEG quickens pace to net zero

June 29, 2021, 3:00PMNuclear News
The Hope Creek nuclear power plant

New Jersey’s Public Service Enterprise Group has announced its intention to achieve net-zero emissions by 2030, shaving two decades off its previously announced target date of 2050. PSEG is owner of the Hope Creek nuclear plant and is co-owner, with Exelon, of the Salem plant.

Legislation introduced to extend production tax credits to nuclear

June 28, 2021, 12:01PMNuclear News

Cardin

Pascrell

Companion bills that call for amending the Internal Revenue Code to establish a tax credit to help existing merchant nuclear plants continue operations debuted on Capitol Hill last week.

In the House on June 21, Rep. Bill Pascrell (D., N.J.) introduced the bipartisan H.R. 4024, dubbed the Zero-Emission Nuclear Power Production Credit Act of 2021. Cosponsors of the legislation include Reps. Brian Fitzpatrick (R., Pa.), Tom Suozzi (D., N.Y.), John Katko (R., N.Y.), Danny Davis (D., Ill.), Anthony Brown (D., Md.), Dutch Ruppersberger (D., Md.), Cheri Bustos (D., Ill.), Mike Doyle (D., Pa.), and Bobby Rush (D., Ill.).

And on June 24, Sen. Ben Cardin (D., Md.) introduced the Senate’s version, S. 2291, with Sens. Joe Manchin (D., W.Va.), Tom Carper (D., Del.), Sheldon Whitehouse (D., R.I.), and Cory Booker (D., N.J.) joining as cosponsors.

Federal subsidies for nuclear plants?

May 5, 2021, 3:01PMANS Nuclear Cafe

The Biden administration has indicated to lawmakers that it supports federal subsidies for struggling nuclear power plants, Reuters reported this morning, citing sources familiar with the discussions.

The subsidies would be in the form of production tax credits, according to the report, and would likely become part of the president’s $2.3 trillion infrastructure plan.