Nuclear Energy Institute praises strong support of nuclear bill

Image
-
0Comments

The Nuclear Energy Institute (NEI) announced Wednesday that the House Appropriations Committee approved a $35-billion energy and water bill that allocates $936 million for the nation’s nuclear energy projects.

The bill also cuts the budget of the Nuclear Regulatory Commission (NRC) due to recommendations by the NRC to improve efficiency. According to the NEI announcement, the operating budget for the NRC is approximately $1 billion. 

“It is gratifying to see strong support for nuclear energy remaining a vital component of a diversified electricity portfolio that will strengthen our energy security,” NEI Senior Vice President Alex Flint said. “The Nuclear Energy Institute would particularly like to thank Energy and Water Subcommittee Chairman Mike Simpson and the subcommittee’s ranking member, Marcy Kaptur, for their leadership, as well as the committee staff for their hard work.”

The committee specifically set aside a total of $175 million for the continuation of licensing a nuclear fuel repository at Yucca Mountain in Nevada.

“The nuclear energy industry believes the appropriations committee has acted properly and decisively with immediate, concrete action to right-size the NRC’s budget,” Flint said. “As the NRC itself acknowledges in its Project Aim report, the public interest and the agency’s safety mission will be better served once the NRC is right-sized and increases discipline throughout its regulatory processes.”



Leave a Reply

Your email address will not be published. Required fields are marked *

Related

WINDESCO: WeBoost Platform Increases Annual Output by $3,000 per Megawatts for Longroad Energy’s 145 Megawatts Acquired Wind Plant

WINDESCO: WeBoost Platform Increases Annual Output by $3,000 per Megawatts for Longroad Energy’s 145 Megawatts Acquired Wind Plant

WindESCo Helps Longroad Energy Optimize Wind Asset Performance to Unlock $430,000 in Annual Revenue

ACWA POWER: Signs three agreements for the first foreign investment based independent wind power project in Azerbaijan

ACWA POWER: Signs three agreements for the first foreign investment based independent wind power project in Azerbaijan

Following the signing of the implementation agreement for the $300 million Independent Power Project in January 2020, and under the patronage of the Ministry of Energy in Saudi Arabia, ACWA Power today executed the official agreements for the 240 MW wind power project that will be located in the Absheron and Khizi regions.

CAPITAL DYNAMICS: Exits 108-Megawatt Beacon II and V Solar Portfolio in Kern County, California

CAPITAL DYNAMICS: Exits 108-Megawatt Beacon II and V Solar Portfolio in Kern County, California

Capital Dynamics, an independent global private asset management firm, completed the sale of a majority interest in its Beacon portfolio to TortoiseEcofin and S&B USA Energy. Each buyer has acquired a 49.5% ownership of the portfolio. Capital Dynamics retains a minority stake of 1%.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Power News Wire.