Nuclear Power Deployment Scorecard
Powering Future Decades
Current Scorecard - July 2, 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 Conditional Agreement 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.
- Two Notices of Intent to Request Conditional Agreement received – April 21, 2008 and June 13, 2008.
- 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; no nuclear-related loan guarantee application received.
- 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.
- As estimates of the construction costs continue to rise, the authorized amount for loan guarantees may be unable to cover the necessary number of nuclear projects needed to catalyze follow-on nuclear construction fully financed by the private sector. It will be necessary to:
- Increase the loan guarantee authority,
- Revise the Final Rule to allow inter-creditor agreements across multiple loans on one project, or
- Agree that only the actual USG exposure on partially-guaranteed loans be scored against the loan guarantee authority rather than the entire loan principal.
- Nuclear power facilities solicitation is broken into two application parts that must be received by the Department by September 29, 2008 and December 19, 2008, respectively.
- Nuclear fuel cycle solicitation is also broken into two application parts that must be received by the Department by September 29, 2008 and December 2, 2008, respectively.
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