DOE Grants California’s Request to Revise Civil Nuclear Credit Program Eligibility, Extends Deadline
The Department of Energy (DOE) has revised eligibility criteria for the first-award cycle of its $ 6 billion Civil Nuclear Credit (CNC) program and extended its application period to Sept. 6, 2022. The action responds to a request for adjustments from the California governor’s office to better address Pacific Gas & Electric’s (PG&E’s) 2,240-MW Diablo Canyon Power Plant’s (DCPP’s) “unique circumstances.”
The DOE’s formal amendment of its April 2022–issued CNC program guidance on June 30 seeks to clarify how it interprets a reactor has met eligibility requirements that it “competes in a competitive electricity market,” as set out in the Infrastructure Investment and Jobs Act (IIJA). The changes, which the DOE adopted from a proposal it unveiled on June 17, have drawn mixed reactions from an array of stakeholders, including the nuclear industry, the power sector, and citizen and environmental groups.
‘Material Amount of Total Revenue’
The April guidance, which applies to the CNC’s first-award cycle, allowed nuclear reactors to demonstrate competitive operation during the CNC’s four-year credit period by showing units would receive 50% or more of total revenue “from sources that are exposed to market competition.”…