NEI - Nuclear Energy Institute

02/09/2018 | Press release | Distributed by Public on 02/09/2018 08:20

NEI: Nuclear Production Tax Credit Represents Investment in America’s Energy Future

Nuclear Energy Institute
FOR IMMEDIATE RELEASE: February 09, 2018

WASHINGTON, D.C.-This morning Congress approved a budget bill that extends the nuclear production tax credit (PTC). Following is comment from Maria Korsnick, president and chief executive officer of the Nuclear Energy Institute:

'The bipartisan vote by both houses of Congress to allow new reactors to receive the nuclear production tax credit also was a vote for continued American leadership in nuclear energy, environmental stewardship and thousands of jobs. The PTC is not only an essential component required to complete construction of two Westinghouse AP1000 reactors at Vogtle Electric Generating Plant in Georgia, but it also paves the way to build NuScale Power LLC's innovative small modular reactor design in Utah.

'Both projects will serve as anchors for energy infrastructure in the Southeast and Mountain West, as they generate carbon-free electricity, spur economic growth and support a diverse and reliable electric grid for decades to come. While the bipartisan majorities in both houses deserve praise, our industry owes a debt of gratitude to the sponsors who championed this legislation, Sens. Tim Scott (R-S.C.) and Johnny Isakson (R-Ga.) and Reps. Tom Rice (R-S.C.) and Earl Blumenauer (D-Ore.).'