The Civil Nuclear Credit Program is a $6 billion strategic investment through the Bipartisan Infrastructure Law (BIL) to help preserve the existing U.S. reactor fleet and save thousands of high-paying jobs across the country.
Under the new program, owners or operators of commercial U.S. reactors can apply for certification to bid on credits to support their continued operations.
Credits will be allocated to selected certified reactors over a four-year period beginning on the date of the selection and credits can be awarded through September 30, 2031, if funds remain available.
Civil Nuclear Credit Program Highlights
First Award Cycle
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.
Second Award Cycle
On September 30, 2022, DOE released and requested feedback on draft Guidance for the Civil Nuclear Credit Program’s second award cycle. The draft Guidance describes the timelines, deliverables, and supporting information needed from eligible owners or operators of nuclear power reactors that are projected to shut down due to economic circumstances within the next four years. Request for feedback closed on November 4, 2022.