HR 4834
Nuclear Power Purchase Agreements Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill directs the Department of Energy to create a program to establish long-term agreements to purchase electricity from existing nuclear power plants. These agreements would last between 10 and 40 years and apply to reactors that received their initial licenses after January 1, 2020. The goal is to secure reliable power, particularly for remote areas or critical national security assets, even if it means paying a rate higher than the typical market price.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Elaine G. Luria
Cosponsors
Anthony Gonzalez
Conor Lamb
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