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House passes nuclear production tax credit legislation via Electric Light & Power

The U.S. House of Representatives voted unanimously to restore Congress’ original intent for the Nuclear Production Tax Credit by passing H.R. 155, according to a release from the office of Rep. Rick Allen (R-GA-12).

This legislation will modify the Nuclear Production Tax Credit to extend the 2020 sunset date until the reactors are up and running. The modification of this tax credit will not cost any additional taxpayer funds, but will signal to the rest of the world that America is leading the way in nuclear production.

This is particularly important in the 12th District of Georgia, where due to unforeseen events and regulatory delays, Plant Vogtle’s timeline for construction of Units 3 and 4 is likely no longer feasible. Plant Vogtle employs more than 6,000 people in Georgia-12.[…]

 

 

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