(Washington D.C.) The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free power source.
Additionally, Iowa third District U.S. Congresswoman Cindy Axne says President Biden is doing everything to lower the prices at the pump for hardworking Iowans and Americans across the country.
Axne says that production fell 1.3 billion barrels per day pre-pandemic at one point. It is the opinion of many states nuclear will help take the place of fossil fuels in one fashion or another.
A certification and bidding process opened Tuesday for a civil nuclear credit program intended to bail out financially distressed owners or operators of nuclear power reactors, the U.S. Department of Energy told The Associated Press.
A dozen U.S. commercial nuclear power reactors closed in the past ten years before their licenses expired, primarily due to competition from cheaper natural gas, massive operating losses due to low electricity prices, and escalating costs or the cost of significant repairs.
