Quarterly Nuclear Deployment Summary

Moving Toward Deployment

July 2010
< Back to Summary

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 provided DOE with 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 $2 billion loan to AREVA for an enrichment plant.
• DOE and Southern have reached a deal on a conditional agreement for $8.33 billion in loan guarantees for the construction and operation of two AP1000 reactors at Vogtle.

Due to the current limited guarantee authority, DOE has narrowed the remaining power facilities under consideration for loan guarantees to three applicants, planning to build a total of five reactors.