Civil Nuclear Credit Program Highlights
Award Cycle 1
On November 21, 2022, DOE announced the conditional selection of the Diablo Canyon Power Plant, located near Avila Beach, California, to receive the first round of funding from the Civil Nuclear Credit (CNC) Program. Units 1 and 2 at the Diablo Canyon Power Plant were scheduled to be decommissioned in 2024 and 2025, but today’s conditional award of credits valued at up to $1.1 billion, creates a path forward for Diablo Canyon to remain open. Final terms are subject to negotiation and finalization by DOE. Owned and operated by Pacific Gas and Electric Company, Diablo Canyon produces approximately 16 TWh of electricity annually, about 15% of the state’s clean energy. The award will save 1,500 clean energy jobs.
For more information, visit the Civil Nuclear Credit Award Cycle 1 page.
Award Cycle 2
On March 2, 2023, DOE released application guidance for award cycle 2 of the CNC Program. While award cycle 1 limited eligibility to owners or operators of nuclear power reactors that had announced intentions to retire within the four-year award period, award cycle 2 was open to owners or operators of nuclear reactors that are at risk of closure by the end of the four-year award period, including such reactors that ceased operations after November 15, 2021. Applications for award cycle 2 closed on May 31, 2023.
Update: On March 6, 2023, the Grid Deployment Office updated the link to the application guidance to a revised version of the document.
For more information, visit the Civil Nuclear Credit Award Cycle 2 page.