The Biden administration is being urged Wednesday not to court “disaster” after new reporting revealed the White House is pushing for taxpayer subsidies to keep nuclear power plants afloat in its sweeping infrastructure plan.
According to Bloomberg and Reuters, the taxpayer prop-up would come in the form of “production tax credits,” which already apply to renewables like wind and solar.
The PTC effort “would likely be swept into” Biden’s American Jobs Plan, Reuters reported, stating that the White House “has signaled privately to lawmakers and stakeholders in recent weeks” its support for the action.
The American Jobs Plan already points broadly to support for nuclear power, stating the plan will invest in “advanced nuclear.”
Writing last month at The American Prospect, Gabrielle Gurley outlined the administration’s efforts at a clean energy standard…
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