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Manchin Deal Tosses $30 Billion Lifeline to US Nuclear Reactors

  • Tax credit for nuclear power included in Senate spending bill
  • Incentive could save as much as 38% of fleet, analyst says
Senator Joe Manchin 

Senator Joe Manchin 

Photographer: Sarah Silbiger/Bloomberg
Updated on

Struggling nuclear reactors would get a $30 billion lifeline under the Democrats’ climate change and tax bill that could save dozens of nuclear power plants from an early retirement. 

Included in the $433 billion Inflation Reduction Act, which is slated for a Senate vote as soon as this week, is a 10-year production tax credit for nuclear energy producers that could be a boon for reactor operators such as Southern Co., Constellation Energy Corp., Public Service Enterprise Group Inc. and Energy Harbor Corp.