NEI: Nuclear power generates $4.4 billion for Texas' economy annually

Comanche Peak Nuclear Plant
Comanche Peak Nuclear Plant | Courtesy of Luminant

A Nuclear Energy Institute (NEI) study found that Texas' economy reaps $4.4 billion annually from nuclear power generation, the NEI said on Wednesday.

The study also said that over 9,000 jobs are supported through the four nuclear reactors operating in the state. The NEI said the two plants that operate the four reactors —  Comanche Peak Nuclear Power Plant and the South Texas Project — account for nearly 10 percent of the state’s total electricity.

“This study finds that Texas’ nuclear energy facilities are economic engines and have far-reaching economic impacts in their neighboring counties, as well as across the state of Texas,” Richard Myers, NEI’s vice president for policy development and planning, said. “In addition, these two nuclear power plants are essential to any sustainable program to reduce CO2 emissions. Texas’ nuclear power plants play a vital role in helping the state meet its demand for affordable, reliable and sustainable energy. With successful license renewal for both facilities, Texans could be assured of thousands of high-paying jobs and clean-air electricity for millions of homes and businesses out to nearly 2050.”

The study also said the Comanche Peak facility is the largest taxpaying entity in Somervell County, and the South Texas Project is one of the highest taxpayers in Matagorda County. Each plant generates approximately $70 million in local and state taxes annually.

A Nuclear Energy Institute (NEI) study found that Texas' economy reaps $4.4 billion annually from nuclear power generation, the NEI said on Wednesday.

The study also said that over 9,000 jobs are supported through the four nuclear reactors operating in the state. The NEI said the two plants that operate the four reactors —  Comanche Peak Nuclear Power Plant and the South Texas Project — account for nearly 10 percent of the state’s total electricity.

“This study finds that Texas’ nuclear energy facilities are economic engines and have far-reaching economic impacts in their neighboring counties, as well as across the state of Texas,” Richard Myers, NEI’s vice president for policy development and planning, said. “In addition, these two nuclear power plants are essential to any sustainable program to reduce CO2 emissions. Texas’ nuclear power plants play a vital role in helping the state meet its demand for affordable, reliable and sustainable energy. With successful license renewal for both facilities, Texans could be assured of thousands of high-paying jobs and clean-air electricity for millions of homes and businesses out to nearly 2050.”

The study also said the Comanche Peak facility is the largest taxpaying entity in Somervell County, and the South Texas Project is one of the highest taxpayers in Matagorda County. Each plant generates approximately $70 million in local and state taxes annually.

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