Nuclear Power Deployment Scorecard

Powering Future Decades

April 1, 2008
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New Nuclear Plant Deployment
Current State of the Industry

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 industry requests to date, no contracts issued.

• Final Rulemaking Issued – August 2006.
• Published Standard Conditional Agreement – September 2007.
• DOE released on-line instructions for requesting Conditional Agreement – December 2007.
• Expect first request from industry for Conditional Agreements – FY 2008.
• Expect first approval by DOE for standby support contracts – Late 2010.

Production Tax Credits: Notice issued.

• Published Internal Revenue Bulletin 2006-18 on May 2006.
• Final Rule on Tax Credit and Guidelines on "Certification Process" – FY 2008.

Energy Facility Loan Guarantee: Final rulemaking issued. Congress provided DOE with authority to issue guarantees for up to $4 billion in loans (FY07).

• Guidelines issued August 2006 and DOE's small scale loan guarantee solicitation with $4 billion ceiling (excludes nuclear power participation) closed – December 2006.
• Final Rulemaking Issued – October 23, 2007 and amended January 11, 2008 to correct language.
• No solicitation issued for nuclear power loan guarantee at this time; however, the Department is planning for an early to mid-2008 solicitation targeting nuclear power projects.
• $18.5 billion in loan guarantees for new nuclear plants approved in FY08 budget December 2007.
• First nuclear plant loan guarantee to be issued expected - 2009.