White House eyes subsidies for nuclear plants to help meet climate targets: Sources

The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep existing nuclear facilities from closing, bending to the reality that it needs these plants to meet U.S. climate goals, three sources familiar with the discussions told Reuters.

The new subsidies, in the form of “production tax credits,” would likely be swept into President Joe Biden’s multi-trillion-dollar legislative effort to invest in the nation’s infrastructure and jobs, the sources said.