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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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Expired
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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
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Nuclear Power Purchase Agreements Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4834.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-29.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Luria, Elaine G. [D-VA-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Energy.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Environment Public Investments Economy