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Thursday, March 16, 2017

Maria Korsnick, NEI President and CEO, on the DOE FY2018 Budget

The following statement on the Fiscal Year 2018 US Department of Energy budget proposal comes to us from the President and CEO of the Nuclear Energy Institute, Maria Korsnick:

"The nuclear energy industry is encouraged by the news that the preliminary budget for the U.S. Department of Energy (DOE) includes funding to both re-start licensing activities for the Yucca Mountain nuclear waste repository and initiate a robust interim storage program. We’re committed to working with Congress and the administration to put the used fuel management program back on its feet.  Until the government is meeting its legal obligation to accept the fuel, the industry will continue to safely and securely store it at our facilities.

On the other hand, the budget blueprint has energy innovators nervous. As the administration and Congress establish funding levels they need to remember that DOE programs historically have supported public-private partnerships to bring nuclear technologies to market because of the benefits the nation enjoys from a strong domestic nuclear energy industry. Reducing the nuclear energy research budget now would send a signal around the world that the U.S. government is ceding leadership to competitors like Russia and China, at exactly the wrong time.

It is time for a new generation of advanced nuclear reactors to meet growing global demand in a clean, reliable way. Time is running out for America to reclaim international leadership in nuclear energy and to create hundreds of thousands more jobs, all while reinforcing our nation’s electricity and manufacturing infrastructures. Capitalizing on this opportunity requires broad action from the executive branch on a number of fronts, including unquestioned support for the Title 17 Innovative Technology Loan Guarantee Program that supports construction on new reactors in Georgia, appointing a full complement of commissioners to the U.S. Nuclear Regulatory Commission and the Federal Energy Regulatory Commission, while moving decisively to address flawed electricity markets around the nation that fail to fairly value America’s fleet of nuclear reactors and the benefits they deliver."