Long-time readers of this blog know I'm all in for nuclear power:
The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.
A certification and bidding process opened Tuesday for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the U.S. Department of Energy told The Associated Press exclusively, shortly before the official announcement. It's the largest federal investment in saving financially distressed nuclear reactors.
Owners or operators of nuclear power reactors that are expected to shut down for economic reasons can apply for funding to avoid closing prematurely. The first round of awards will prioritize reactors that have already announced plans to close.
Now let's build some new ones. Remember, even Patrick Moore, co-founder of Greenpeace, supports nuclear energy.
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Just three years before Diablo Canyon Power Plant is expected to close, California seems to be having second thoughts about shutting down the state’s last operating nuclear power plant. Amid growing worries about how the state plans to keep the lights on once Diablo Canyon goes offline in 2025, The Los Angeles Times on Friday reported that Gov. Gavin Newsom is rethinking the state’s stance on the plant — and plans to seek a piece of the Biden administration’s $6 billion federal funding package geared toward rescuing nuclear reactors. Diablo Canyon is the single largest producer of electricity in the state, generating roughly 6% of California’s power in 2021, according to the Los Angeles Times.
Read more at: https://www.sacbee.com/news/california/article260897247.html
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