Subsidizing Nuclear Is No Strategy For Long-Term Success

PA Pundits - International

By Katie Tubb ~

With yet another nuclear power plant joining the ranks of those closing ahead of schedule, it’s clear that something is amiss in the nuclear power industry.

That “something” is the accumulation of federal policies that stifle innovation and efficiency in the industry and simultaneously subsidize it to keep it alive on life support.

Members of the House Ways and Means Committee reviewed a bill (H.R. 1551) that basically continues the status quo. That is not acceptable.

Despite the many energy and environmental benefits of nuclear power, the industry has fallen on tough times. Low natural gas prices have put pressure on the nuclear industry, though this has happened before.

The bill currently under review, H.R. 1551, would extend the production tax credit for new nuclear power plants originally offered in the 2005 Energy Policy Act. (Photo: iStock Photos)

Subsidies at the state and federal…

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