Biden Launches $6B Effort to Save Distressed Nuclear Plants

20 Apr 2022 | Abstracted from SF Gate

"A strong majority of states -- about two-thirds -- say nuclear, in one fashion or another, will help take the place of fossil fuels. A dozen U.S. commercial nuclear power reactors have closed in the past decade before their licenses expired, largely due to competition from cheaper natural gas, massive operating losses due to low electricity prices and escalating costs, or the cost of major repairs.

"This has led to a rise in emissions in those regions, poorer air quality and the loss of thousands of high-paying jobs, dealing an economic blow to local communities, according to the DOE. A quarter or more of the fleet is at risk, the DOE added. The owners of seven currently operating reactors have already announced plans to retire them through 2025."

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