Washington, D.C.—The U.S. Senate today passed their version of the budget reconciliation bill. The following statement can be attributed to Maria Korsnick, president and chief executive officer of the Nuclear Energy Institute:
“We applaud the U.S. Senate for advancing policies that recognize the important role of nuclear energy to achieve a reliable, affordable and increasingly clean energy system. The Senate version of the budget reconciliation bill restores the nuclear power production tax credit through 2032, and the tax credits for new nuclear generation through 2033, with transferability retained for both.
“The Senate version also preserves the viability of the Loan Program Office by extending the program’s authority and funding from 2026 to 2028, although the appropriation of $1B is less than available under current law.
“Maintaining the tax provisions in the Senate bill will continue to address economic hurdles and provide confidence to invest in today’s nuclear plants, while securing long-term, well-paying jobs. Further the bill allows us to continue down the path to achieve the Administration’s ambitious goals for deploying new, cutting-edge nuclear technologies that will meet the growing demand for more reliable energy.”
