🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Nuclear industry scrambles to push bill favoring Southern, SCANA reactors

Published 06/16/2017, 10:34 AM
© Reuters.  Nuclear industry scrambles to push bill favoring Southern, SCANA reactors
SO
-
SCG
-
  • The U.S. nuclear industry is urging Congress to pass legislation before the end of this month that would allow two pairs of financially struggling nuclear reactors to cash in on expiring tax credits, Axios reports.
  • Officials at Southern Co . (SO -0.1%) and SCANA (SCG +1.1%) say the tax credits, which under current law would expire before they could take advantage of them, are essential in finishing construction.
  • A House committee approved the legislation at issue yesterday but must still pass the full House as well as the Senate.
  • In laying out the case to Congress, the Nuclear Energy Institute lobby group is emphasizing the national security benefits of extending the credits.
  • Now read: You Gotta Know When To Fold 'Em, Know When To Walk Away


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.