Partner Paul Gordon was quoted in a Utility Dive article that reported on a group of legislators urging the US Treasury Department to adopt flexible guidance for the Inflation Reduction Act credit, which benefits existing nuclear power facilities.
The Section 45U credit was intended “to prevent the premature closing of existing nuclear facilities,” especially in deregulated markets, said Paul. As written, he continues, 45U “presupposes a deregulated nuclear plant” participating in an ISO/RTO market, which is a potential concern for nuclear plant operators in regulated power markets.