WASHINGTON—The U.S. House of Representatives approved the Energy Policy Act of 2005 (H.R. 6) by a vote of 249-183 today. Following is a statement from Skip Bowman, the Nuclear Energy Institute’s president and chief executive officer.
“We applaud the House of Representatives action today in passing a much-needed comprehensive energy bill. Approval of comprehensive energy legislation is imperative for economic growth, environmental stewardship and an improved quality of life for the American people. Passage of this legislation sets the stage for new nuclear plants to be part of this country’s diverse energy mix and recognizes the invaluable and necessary contribution of nuclear energy in achieving long-term energy security.
“Energy security and national security are inextricably linked. The expected increase of America’s electricity demand by 50 percent over the next 20 years, along with increased awareness of our global environment, leads to new nuclear power plants as a necessary part of our energy future. Nuclear energy is the only emission-free source of electricity that can be readily expanded to meet our needs for reliable, baseload power. The industry looks forward now to working with the Senate to pass similar comprehensive energy legislation.”
Nuclear energy provisions in H.R. 6 include:
Renewal of the Price-Anderson Act, the framework for industry self-funded liability insurance, for 20 years.
Authorization of close to $3 billion for nuclear energy research programs over the next five fiscal years.
Funding of $3.1 billion authorized to direct the Department of Energy to establish an advanced reactor for hydrogen production at the Idaho National Laboratory.
Updating the tax treatment of nuclear decommissioning trust funds that allows deduction of contributions that better reflect the emergence of competition in the electricity business.
The Nuclear Energy Institute is the nuclear energy industry’s policy organization. This news release and additional information about nuclear energy are available on NEI’s Internet site at http://www.nei.org.