Senate Gives Trump Huge Win To Strengthen Energy Sector

The U.S. Senate voted overwhelmingly to pass a key piece of legislation aimed at bolstering the country’s nuclear energy sector. The nuclear package was combined with another bill that reauthorized the U.S. Fire Administration and grant programs for firefighters.

The measure aims to accelerate the process of approving the construction of new nuclear plants as many of the country’s existing plants reach the end of their serviceable lives. Additionally, it reduces the licensing fees that power companies must pay to initiate projects. It also mandates the Nuclear Regulatory Commission to prepare a report examining ways to simplify and expedite the environmental review process.

The bill passed by a vote of 88-2, with Sens. Ed Markey (D-Mass.) and Bernie Sanders (I-Vt.) opposing the measure.
The Trump administration has placed an extreme focus on “unleashing American energy.”

President Trump issued four executive orders directing the Nuclear Regulatory Commission to streamline regulations and expedite the issuance of new licenses for nuclear power facilities, to act on applications within 18 months.

The measure aims to accelerate the process of approving the construction of new nuclear plants as many of the country’s existing plants reach the end of their serviceable lives. Additionally, it reduces the licensing fees that power companies must pay to initiate projects. It also mandates the Nuclear Regulatory Commission to prepare a report examining ways to simplify and expedite the environmental review process.

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