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Nuclear Energy Institute
FOR IMMEDIATE RELEASE: June 26, 2009
Contact: media@nei.org, 202.739.8000 or 703.644.8805 (after hours and weekends)

NEI Welcomes Inclusion of Clean Energy Provisions in Climate Bill OK'd by House

WASHINGTON, D.C.—The U.S. House of Representatives today approved the American Clean Energy and Security Act of 2009 (H.R. 2454). The legislation establishes a Clean Energy Deployment Administration and makes a number of improvements to the clean-energy loan guarantee program authorized by the 2005 Energy Policy Act. Following is a statement from Alex Flint, the Nuclear Energy Institute’s senior vice president for governmental affairs.

“The nuclear energy industry welcomes the inclusion of provisions promoting greater use of clean-energy technologies, including nuclear energy, as part of the American Clean Energy and Security Act. The scale of investment needed to improve energy efficiency and achieve meaningful reductions in carbon emissions in the electric sector is massive. House members are to be commended for including within H.R. 2454 provisions that will accelerate deployment of clean-energy technologies.

“The legislation can help stimulate construction of the advanced-design nuclear power plants that our nation needs. These provisions can help mobilize private capital and facilitate debt financing on reasonable terms for the first wave of nuclear plant projects to help reduce uncertainties and ultimately lower the cost to consumers of the electricity produced by these new energy facilities.

“Nuclear energy is by far the nation’s largest carbon-free source of electricity production, and new plant construction can stimulate economic growth and create jobs while helping to address the threat of global climate change. Construction of each new nuclear power plants represents at least 2,500 construction jobs, 700 permanent jobs when the plant is operating, and tens of thousands of additional jobs in the manufacturing industries that provide equipment and components.

“As deliberations on this legislation proceed, the Nuclear Energy Institute looks forward to working with Congress to improve these clean-energy provisions further. The existing limits on financial support for any single technology will hinder the deployment administration’s ability to make available clean technologies as quickly and efficiently as possible.”