USA: Biden admin offers $1.2 billion for distressed, shut nuclear plants
WASHINGTON, March 2 (Reuters) - The Biden administration said on Thursday it is offering a fresh round of $1.2 billion in aid to extend the life of distressed nuclear power plants which, for the first time, could offer funding to a plant that has recently closed.
President Joe Biden's climate team believes nuclear power is a crucial source of virtually carbon-free electricity needed to be maintained and expanded to reach his pledge of what it calls 100% clean electricity by 2035.