Energy

The U.S. is spending billions to keep money-losing nuclear plants open

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Steam rises from a cooling tower on September 7, 2007 at the Tennessee Valley Authority’s Watts Bar Nuclear Plant in Spring City, Tennessee, 50 miles south of Knoxville.

Chris Baltimore | Reuters

The government is going to spend billions of dollars to keep nuclear power plants open in the United States because they’re losing too much money to stay open otherwise.

Nuclear power plants generate clean, greenhouse-gas free energy, which could help the Biden administration meet its own ambitious climate goal of reducing net greenhouse gas pollution by 50% from 2005 levels by 2030.

The Bipartisan Infrastructure Law President Joe Biden signed in November includes a $6 billion program intended to…



Source cnbc.com

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