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Nuclear Power Support: Long-Term Energy Purchase Agreements

This act aims to support the development of nuclear energy in the US by allowing the government to enter into long-term agreements for purchasing power from new reactors. This could ensure stable energy supplies, especially in areas important for national security, and potentially impact future energy costs.
Key points
The US government can purchase power from new nuclear power plants (operational after January 1, 2020) for periods of 10 to 40 years.
These agreements are intended to provide reliable power, especially in remote locations, during emergencies, or for national security purposes.
The purchase price for power may be higher than the average market rate, encouraging investment in new nuclear technologies.
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Additional Information
Print number: 117_HR_4834
Sponsor: Rep. Luria, Elaine G. [D-VA-2]
Process start date: 2021-07-29