Biofuel Producers, Nuclear Power Get Boost in U.S. Budget Deal
- Credits for energy efficiency, fuel cells added to bill
- Senate to vote Thursday, but House prospects remain uncertain
House and Senate at Odds Over Budget Deal
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Tax credits that would benefit biofuel producers and a nuclear reactor project being constructed by Southern Co. are among the energy incentives in a budget deal that Congress must pass by midnight to keep the government open.
The tax incentives, which were left out of the broad package of tax cuts passed by Congress in December, were added to a bipartisan, two-year agreement, unveiled by Senate Republicans late Wednesday. The legislation is slated for a Senate vote Thursday before it moves to the House where it faces a much steeper climb.