Sec. 5. Pilot program for nuclear power purchase agreements

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Subtitle B of title VI of the Energy Policy Act of 2005 ( Public Law 109–58 ; 119 Stat. 782) is amended by adding at the end the following: Not later than 2026, the Secretary shall establish a pilot program under which the Secretary shall enter into long-term power purchase agreements for power generated by commercial nuclear reactors. In establishing 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, including the Secretary of Defense; and not later than December 31, 2026, enter into at least 1 agreement to purchase power from a commercial nuclear reactor that receives a license from the Nuclear Regulatory Commission after January 1, 2022.

Notwithstanding any other provision of law, an agreement entered into pursuant to subsection (b)(2) to purchase power from a commercial nuclear reactor shall be made for a period of at least 10 years and not more than 40 years. In carrying out this section, the Secretary shall prioritize entering into long-term power purchase agreements for power generated by first-of-a-kind or early deployment commercial nuclear reactors that will provide reliable and resilient power— to high-value assets for national security purposes; or for other purposes that the Secretary determines are in the national interest, including for remote off-grid scenarios or grid-connected scenarios that provide capabilities commonly known as islanding power capabilities during an emergency.

A long-term power purchase agreement entered into under this section may not be at a rate that is higher than the average market rate, unless the agreement is for power generated by a commercial nuclear reactor described in subsection (d). . The table of contents of the Energy Policy Act of 2005 ( Public Law 109–58 ; 119 Stat. 594) is amended by inserting after the item relating to section 639 the following: Sec. 640. Long-term nuclear power purchase agreement pilot program. .

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Pub. L. 109-58
119 Stat. 782
119 Stat. 594

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Sec. 5

Pilot program for nuclear power purchase agreements

Pub. L.Pub. L. 109-58

Stat.119 Stat. 782

Stat.119 Stat. 594

Cites 3Cited by 0 across 0 sources