US DOE extends federal nuclear fund program deadline

A herd of goats gather under a set of power lines above the Diablo Canyon nuclear power plant in Avila Beach, California. A herd of goats gather under a set of power lines above the Diablo Canyon nuclear power plant in Avila Beach, California June 22, 2005. These goats are used for weed and fire control under the power lines of the Diablo Canyon Power Plant. Photograph taken June 22, 2005. REUTERS/Phil Klein

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June 30 (Reuters) – The U.S. Department of Energy (DOE) is extending the application deadline by two months for a program to keep power plants open, it said on Thursday, days after the largest California electric utility has requested more time.

The department also amended Civilian Nuclear Credit (CNC) program guidelines, revising eligibility criteria that nuclear reactors “recover no more than 50% of their costs through cost-of-service regulations or contracts. regulated”, which could affect the eligibility of reactors. apply for the first round of funds awarded, the statement said, without giving further details.

“The amended CNC guidelines support President Biden’s bipartisan Infrastructure Act intent to keep reactors online that support local economies and provide our country’s largest source of carbon-free electricity today,” said said Assistant Secretary for Nuclear Energy, Dr. Kathryn Huff. A press release.

Earlier on Tuesday, electric utility PG&E Corp (PCG.N) asked the US Department of Energy for a 75-day extension to the deadline for applying for federal funds that could keep its California nuclear plant open. Two reactors at PG&E’s Diablo Canyon plant are scheduled to be shut down in 2024 and 2025. read more

The first round of awards prioritizes reactors that have announced their intention to cease operations, while future CNC award rounds – to be launched in the first quarter of 2023 – will not be limited to nuclear reactors that have publicly announced their intention to close, the release said.

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Reporting by Seher Dareen in Bangalore; Editing by Aurora Ellis

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