Decouple The End of an IRA?
Dec 3, 2024
Phil Chaffee, Editor of Nuclear Intelligence Weekly, provides insider insights on the future of U.S. nuclear energy amidst potential political shifts. He discusses how a second Trump administration could impact nuclear power purchase agreements and the viability of carbon pricing. The conversation dives into the delicate balance of free-market ideals versus necessary government support for nuclear projects. Chaffee also highlights the complexities of U.S.-China nuclear collaborations and the broader geopolitical implications for energy policy.
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Byron's Near Closure
- Constellation CEO Kathleen Barron recounted how close Byron nuclear plant was to shutting down in 2021.
- State subsidies and the IRA's production tax credits ultimately saved it, highlighting policy's impact.
Trump 1.0 Nuclear Closures
- Several nuclear plants closed during Trump's first presidency due to economic distress in deregulated markets.
- Subsidies, like one for plants with 90-day fuel supplies (coal and nuclear), were attempted.
Wright's Nuclear Stance
- Incoming Energy Secretary Chris Wright is pro-nuclear, having signed a declaration supporting the industry and invested in Oklo.
- However, free-market ideology and cheap energy goals may clash with nuclear's need for government support.