Sec. 244. Long-term nuclear power purchase agreement pilot program
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The Secretary of Energy shall establish a pilot program for a long-term power purchase agreement. In developing the pilot program under this section, the Secretary shall— consult with the heads of other Federal departments and agencies that may benefit from purchasing nuclear power for a period of longer than 10 years; and not later than December 31, 2023, enter into at least 1 agreement to purchase power produced in a nuclear reactor by a person to whom a license is issued under section 103 of the Atomic Energy Act of 1954 after January 1, 2020.
In carrying out this section, the Secretary may only consider power purchase agreements for first-of-a-kind or early deployment nuclear technologies that can provide reliable and resilient power to high-value assets for national security purposes or other purposes as the Secretary determines to be in the national interest, especially in remote off-grid scenarios or grid-connected scenarios that can provide capabilities commonly known as islanding power capabilities during an emergency scenario.
An agreement to purchase power under this section may be at a rate that is higher than the average market rate.