Funding Deadline Extended
A $5B+ program just extended its deadline by 60 days after a state request.
The Department of Energy extended the application deadline for the $6 billion Nuclear Civil Credit program 60 days until September 6, 2022 after requests from the California Governor’s Office.
The Nuclear Civil Credit program was created to prevent closures of nuclear power plants by providing financial support for existing Nuclear Reactors projected to cease operations due to economic factors.
The DOE’s new guidance revises the eligibility criteria to replace the requirement that a nuclear reactor applying for credits under the CNC Program not recover more than 50 percent of its costs from cost-of-service regulation or regulated contracts.
Link to article on Power Magazine
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