Sign In

Bipartisan Nuclear Powers America Act introduced in U.S. House of Representatives

Legislation would help level the playing field for all clean energy sources

​​5/11/2018

​Exelon applauds U.S. Rep. Darin LaHood, U.S. Rep. Cheri Bustos, and seven other bipartisan members of the House for introducing the Nuclear Powers America Act. This nuclear investment tax credit legislation will support more than $10 billion in annual investments and 475,000 good-paying jobs to keep our nation’s largest source of emissions-free power operating safely and reliability, and will level the playing field by giving nuclear energy the same benefits similar to those already received by solar, wind, geothermal and other forms of clean energy.

Background on the Nuclear Powers America Act: 

The nuclear industry invests more than $10 billion a year to replace, restore and add the latest technologies to nuclear facilities. Modeled after a similar tax credit for solar, the nuclear investment tax credit (ITC) would allow owners of nuclear plants to earn a tax credit for investments they make to continuously repower their plants and keep them operating safely.

  • The nuclear industry provides more than 475,000 American jobs. Each of the nation’s nuclear reactors employs between 400 and 700 workers at wages that are an average of 36 percent higher than the prevailing local salary rate. 
  • Nuclear plants contribute nearly $60 billion annually to America’s GDP; $12 billion each year in local, state and federal tax revenues; and nearly $45 billion worth of electricity.
  • Unlike other clean energy sources, nuclear currently receives no such benefit, even though it accounts for more than 60 percent of the nation’s emissions-free power. This proposal would help level the playing field with other clean energy sources.

 

 

Moo-uclear Energy? Three Mile Island advocates for nuclear power at the Pennsylvania Farm Show<p>​<span style="color:#606060;">Milkshakes, mooing, and nuclear energy?</span><br></p><img alt="" height="755" src="/newsroom/PublishingImages/TMI/FARM%20SHOW%2019%201.jpg" width="900" style="BORDER:0px solid;" />http://www.exeloncorp.com/newsroom/moo-uclear-energy-three-mile-island-advocates-for-nuclear-power-at-the-pennsylvania-farm-showMoo-uclear Energy? Three Mile Island advocates for nuclear power at the Pennsylvania Farm Show1/15/2019 5:00:00 PM
Centennial High School Student Uses Her Winter Break to Learn More About Calvert Cliffs<p>​<span style="color:#606060;">During our unit on nuclear structure in her chemistry class earlier this year, nuclear power generation wa</span><span style="color:#606060;">s discussed briefly.</span><br></p><img alt="" height="675" src="/newsroom/PublishingImages/Calvert%20Cliffs/centennial.jpeg" width="900" style="BORDER:0px solid;" />http://www.exeloncorp.com/newsroom/centennial-high-school-student-uses-her-winter-break-to-learn-more-about-calvert-cliffsCentennial High School Student Uses Her Winter Break to Learn More About Calvert Cliffs1/10/2019 9:00:00 PM
Exelon Utilities a Driving Force Behind States Recognized as Top in the Nation for Electrical Grid Modernizationhttp://www.exeloncorp.com/newsroom/exelon-utilities-a-driving-force-behind-states-recognized-as-top-in-the-nation-for-electrical-grid-modernizationExelon Utilities a Driving Force Behind States Recognized as Top in the Nation for Electrical Grid Modernization12/7/2018 6:00:00 PM
Prairie State College tour<p>​<span style="color:#606060;">A g</span><span style="color:#606060;">roup from Prairie State College recently learned firsthand about the enormous amount of carbon-free energy Braidwood Station sends to the Chicago area.</span><br></p><img alt="" height="600" src="/newsroom/PublishingImages/Braidwood/Prairie%20State%20College.jpg" width="900" style="BORDER:0px solid;" />http://www.exeloncorp.com/newsroom/prairie-state-college-tourPrairie State College tour11/19/2018 9:00:00 PM