"U.S. Eyes Nuclear Reactor Tax Credit To Meet Climate Goals -Sources"

"The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters.

New subsidies, in the form of "production tax credits," would likely be swept into President Joe Biden's multi-trillion-dollar legislative effort to invest in infrastructure and jobs, the sources said.

Wind and solar power producers already get these tax rebates based on levels of energy they generate.

Biden wants the U.S. power industry to be emissions free by 2035. He is asking Congress to extend or create tax credits aimed at wind, solar and battery manufacturing as part of his $2.3 trillion American Jobs Plan."

Timothy Gardner and Jarrett Renshaw report for Reuters May 5, 2021.

Source: Reuters, 05/06/2021