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VNEC backs bill for nuclear power utilities in Virginia to recover certain costs

Virginia Nuclear Energy Consortium (VNEC) testified Jan. 19 in support of legislation under consideration in the Virginia House of Delegates that would explicitly allow investor-owned utilities to recover costs associated with relicensing and extending the life of nuclear facilities.

House Bill 2291 would help continue Virginia’s current commitment to clean, affordable nuclear power and receive the economic, clean air and reliable baseload power from these facilities, according to a VNEC press release.

Dr. Sama Bilbao y León, Director of Nuclear Engineering Programs at VCU and Chairman of VNEC, was quoted as saying in the news release, “Virginia currently gets 39% of its electricity from emission-free nuclear energy, and HB 2291 will allow Virginia’s nuclear providers to make investments to extend the benefits these facilities offer to all Virginians.”

The bill, introduced by Delegate Terry Kilgore (R), authorizes rate adjustments under certain circumstances that would allow cost recovery when utilities make system or equipment upgrades, replace systems or equipment, or incur costs related to extending the combined operating license for, or the operating life of equipment.

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