Nuclear Preservation
Nuclear plant preservation plays a critical role in achieving clean energy goals and maintaining a resilient energy system. The plants are also vital to our nation’s energy security, reducing reliance on countries like Russia and China while ensuring America’s energy independence. Over the last decade, 12 plants have closed, and 26 more are at risk of closure.
Production Tax Credits (PTCs) provide critical financial support to nuclear plants, ensuring that most will continue to operate reliably and efficiently through 2032. Without the credits, nuclear facilities face economic pressures, risking job losses and operational challenges. By maintaining the nuclear fleet, the energy supply remains secure and electricity prices stay affordable for customers. Additionally, this low-carbon energy source significantly contributes to emissions reduction. By preserving nuclear capacity, we can reach our nation’s clean energy goals and help address climate change.
Policymakers have a range of solutions to consider for maintaining financial stability and enabling nuclear plants to continue their operations. One approach involves integrating nuclear energy as a clean energy source into federal or state-level carbon pricing mechanisms, resulting in the incentivized maintenance of existing nuclear facilities. Acknowledging the benefits of nuclear energy, including emissions reduction and energy security, is essential. As a carbon-free energy source, nuclear power plays a crucial role in reducing greenhouse gas emissions. By advocating for policy solutions and market or other financial support, we can ensure the preservation of nuclear power.