Quarterly Nuclear Deployment Summary

Moving Toward Deployment

April 2012
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Federal Financial Incentives

Summary: EPAct 2005 incentives are at various stages of development: two rules issued and one notice published.

Standby Support: Rule issued, no contract issued.

• Final Rulemaking Issued August 2006.

Production Tax Credits: Notice issued.

• Internal Revenue Bulletin 2006-18 published May 2006.
• Treasury/IRS may issue additional guidance on Tax Credits for new nuclear plants; however, a date has not been set.

Nuclear Energy Facility Loan Guarantees: Congress granted DOE authority to issue $20.5 billion in guaranteed loans.

• DOE issued solicitations for $18.5 billion in loan guarantees for new nuclear power facilities and $2 billion for the “front end” of the nuclear fuel cycle on June 30, 2008.
• DOE offered a conditional commitment agreement for $2 billion to AREVA for an enrichment plant.
• DOE has issued conditional commitment agreements to Georgia Power Corp., Oglethrope Power Corp. and the Municipal Authority of Georgia for the financing of Vogtle Units 3 and 4, totaling $8.33 billion