Charleston Leader

WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito and U.S. Senator Tom Carper have announced the inclusion of an extension of the Price-Anderson Act in the package of six fiscal year 2024 appropriations bills. In a joint statement, the senators emphasized the importance of this extension in advancing carbon-free nuclear energy in the United States.

Capito and Carper highlighted the significance of the Price-Anderson Act in enabling the expansion of nuclear energy, which currently accounts for a substantial portion of the nation's electricity and clean energy production. They stressed that the extension of this act demonstrates a strong commitment to the development of safe and reliable nuclear power.

The senators acknowledged that while the extension is a positive step, more work needs to be done to support the growth of new nuclear technologies. They expressed unity in the effort to pass bipartisan legislation that will facilitate the development and deployment of advanced nuclear reactors.

According to Capito and Carper, the Price-Anderson Act plays a crucial role in providing stability and predictability for the deployment of emissions-free nuclear reactors in the U.S. They highlighted the federal backstop offered by the act, which helps advanced reactors secure insurance in the private marketplace.

The extension of the Price-Anderson Act is seen as a key measure to support the advancement of nuclear energy and promote the development of innovative technologies in the sector. Capito and Carper's commitment to this cause is reflected in their ongoing efforts to enact legislation that will further boost the growth of nuclear energy in the country.