Biden announces $6B to bail out nuclear plants at risk of closure
Story Date: 4/21/2022

 

Source: Zack Budryk, THE HILL, 4/19/22


The Biden administration will put $6 billion toward saving distressed nuclear power plants from closure, viewing the power source as another carbon-free alternative to fossil fuels.  On Tuesday, the Department of Energy announced a new bidding process for submissions under the new Civil Nuclear Credit program. The bidding will be open to operators of plants that would otherwise be at imminent risk of shutdown. 

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