On Wednesday, May 26, EPSA sent a letter to Senate Finance Committee leaders Ron Wyden (D-OR) and Mike Crapo (R-ID) voicing opposition to a proposed amendment to Senator Wyden’s Clean Energy for America Act that would provide production tax credits for existing nuclear facilities.
“We appreciate the continued efforts of Congress and the Administration to find bipartisan solutions to address climate change. However, we believe that a more holistic market-based approach will lead to more sustainable solutions to ensuring that nuclear plants remain financially viable while also ensuring that there continues to be investment confidence for all resources needed to cost-effectively meet climate goals and maintain grid reliability.
We believe that market-based, technology-neutral mechanisms such as an economy-wide price on carbon will lead to an affordable, reliable, and increasingly clean U.S. power sector. A market that values low- and zero-emissions energy resources will provide all resources—including nuclear—the opportunity to compete to meet climate and emissions reduction goals, while improving efficiency and lowering consumer costs. Alternatively, we believe that policies such as a PTC are better suited to fostering the development of new technologies.”
Download the full letter here.