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Nuclear power could get lifeline in Senate infrastructure Bill

Nuclear power could get lifeline in Senate infrastructure Bill
Mining News Pro - Struggling nuclear power reactors could be given a $6-billion lifeline in the bipartisan infrastructure bill being written in the US Senate, according to a draft obtained by Bloomberg News.

A programme to evaluate nuclear reactors that are in jeopardy of closing and provide them with aid would be created within the Energy Department under terms of the $550-billion, bipartisan infrastructure package. The text of the infrastructure bill hasn’t been released and changes could still be made before its release.

The move comes as the White House and as the nuclear power industry, which provides about 19% of the nation’s electricity, has been beset by a wave of reactor closings as it struggles to compete with cheaper electricity produced using natural gas, and, increasingly, renewables.

The nuclear programme could be a boon for operators such as Southern and Exelon, as well as for uranium miners like Lakewood, Colorado-based Energy Fuels.

Nuclear reactors that use domestically mined and enriched uranium would be given priority under the proposed programme, according to the bill text.

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