DOE publishes details of $6 billion civil nuclear credit program

February 17, 2022, 7:02AMNuclear News

The Department of Energy’s Office of Nuclear Energy has officially launched its $6 billion civil nuclear credit program, which is intended to support nuclear power reactors at risk of shutting down because of economic factors. A notice of intent and request for information (NOI/RFI) regarding the program was published in the February 15 Federal Register. The DOE-NE had announced the program with the release of a pre-publication version of the NOI/RFI on February 10.

DOE to provide $6 billion in credits to keep existing fleet running

February 11, 2022, 11:58AMNuclear News
Beaver Valley in Pennsylvania is one of the U.S. nuclear power plants identified by the Nuclear Decommissioning Collaborative as being at risk of closure. (Photo: NRC)

The Department of Energy’s Office Nuclear Energy has launched a $6 billion program aimed at preserving the existing U.S. fleet of nuclear power reactors. Established under the Bipartisan Infrastructure Law, the Civil Nuclear Credit Program will allow owners and operators of commercial nuclear power reactors at economic risk of shutting down to apply for credits via a sealed bid process.