United States: Merchant Reactors Await $30 Billion in Tax Credits

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The US Congress is poised this week to finally pass a climate bill that includes $30 billion in nuclear production tax credits (PTCs) to prevent struggling reactors from retiring and support the Biden administration’s plan to decarbonize the domestic electricity sector by 2035. But how much nuclear utilities will benefit from the measure will depend on their revenues, largely reflective of electricity prices, and their costs. And with electricity prices rising, the tax credits could incentivize reactor operators to expend more capital to extend reactor operating licenses.

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