Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate approves bill to encourage small modular reactor projects, critics warn ratepayers could shoulder risks
Summary
House Bill 10 07, authorizing incentives and utility rate protections for large energy projects including small modular reactors, passed the Senate but drew strong objections from several members who said the measure shifts financial risk to utility customers.
The Senate passed House Bill 10 07, a measure lawmakers said is intended to attract high‑wage advanced manufacturing jobs and to create an expedited pathway for large electrical customers and new generation projects, including small modular nuclear reactors (SMRs). The bill passed the chamber 36‑13.
Provisions and rationale Sponsor Senator Cook said the measure contains three central elements: a tax credit for manufacturers of small modular reactors (20% of qualified investment, claimed via IEDC certification); protections for ratepayers…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
