U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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PSEG Files Application to Extend Zero Emission Certificates (ZECs) for New Jersey's Carbon-Free Nuclear Power Facilities

LCG, October 2, 2020--PSEG yesterday filed applications to extend Zero Emission Certificates (ZECs) for the Salem and Hope Creek nuclear power plants in Salem County in order to preserve New Jersey's largest carbon-free source of electricity and to help New Jersey achieve its clean energy goal of 100 percent carbon-free energy supply by 2050.

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Industry News

Senate Energy Committee Puts Nuclear Assistance into Energy Bill

LCG, Apr. 11, 2003--As much as $30 billion worth of loan guarantees for the building of six new nuclear power plants producing 8,400 megawatts were approved by the Senate Energy Committee as part of a broader energy bill yesterday.

Sen. Pete Domenici, R-N.M., has already indicated that he believes nuclear power is an important part of the nation's energy portfolio. "This committee is no longer frightened to death with the notion of nuclear power," Domenici, the chairman of the committee, said. The loan guarantees, for which no specific amount was given, would cover half of the cost of individual plants, estimated by lawmakers at $10 billion apiece.

The private insurance industry has not offered coverage for the full amount of claims that could be incurred following an accident at a nuclear plant. The Senate Energy Committee also voted to prolong for the foreseeable future coverage provided the government for claims over $9.3 billion.

"Nuclear power is a mature technology today," said Sen. Jeff Bingaman, D-N.M. "I can't see a justification for the taxpayer picking up such a substantial portion of these costs."

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