Nuclear Subsidies Galore …
By Kennedy Maize -- March 19, 2024
“The House bill [H.R. 6544] would also extend the Price-Anderson federal accident insurance subsidy, first enacted in 1957 and renewed seven times since then. The program expires at the end of 2025. It isn’t clear why this federal subsidy for nuclear in still needed when the industry insists its new, advanced reactor designs are ‘inherently’ walk-away safe.”
The U.S. nuclear industry in recent days has hit three cherries on the federal money-and-policy slot machine. The open question is whether the largess (some might call it pork) will have the intended results: revitalizing a moribund industry by hitching its wagon to the feverish fear of climate change and long-run animosity toward nuclear rivals China and Russia.
First, the money–the most tangible of the goodies Congress and the White House have doled out. On March 5, the ranking members of the House and Senate appropriations committees rolled out a consensus on six money balls, including the Energy and Water Development and Related Agencies bill funding all government nuclear programs for fiscal year 2024. Passage is almost certainly a done deal.
For nuclear, the bill includes the following radioactive goodies:
https://www.masterresource.org/nuclear-power/nuclear-subsidies-galore/
