Analysis of Nuclear Subsidies in Lieberman-McCain Climate Stewardship and Innovation Act of 2007

Senators Lieberman and McCain’s Climate Stewardship and Innovation Act of 2007 (S.280) would authorize more than $3.7 billion in federal subsidies for new nuclear power plants. The bill provides a wide range of subsidies, including subsidies for engineering and design costs, loans and loan guarantees for building three new plants, and direct financial awards for new projects. Many of these same provisions were passed into law in the Energy Policy Act of 2005, which provides more than $13 billion in tax breaks and subsidies to the nuclear industry. S.280 also includes extensive subsidies for new coal plants, which are not included in this analysis.

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