The Department of Energy will establish a process to auction off tax credits to financially-struggling nuclear power plants, according to the Senate-side version of a bipartisan infrastructure bill that may see a vote in the coming days. Senate majority leader Sen. Chuck Schumer (D-N.Y.) filed for cloture Thursday on the proposed measure that would allocate roughly $6 billion to a plant credit program. If the bill became law, DOE would “establish a process for evaluating bids” and “select certified nuclear reactors” to get credits, according to the text of the legislation. Plants that post a projected annual operating loss are eligible for credits, the bill said.
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