WASHINGTON, Feb. 10 -- Sen. Ruben Gallego issued the following press release:
Senators Ruben Gallego (D-AZ) and Jim Risch (R-ID) today introduced the Accelerating Reliable Capacity (ARC) Act to accelerate investment in and encourage completion of new commercial nuclear reactors by minimizing the risk of project cost overruns.
"With energy demand growing rapidly across the country, nuclear energy is key to increasing baseload energy cleanly and reliably. But getting new nuclear projects off the ground is a financial risk many companies simply can't take," said Senator Gallego. "I'm proud to introduce this bipartisan legislation with Senator Risch to reduce financial risk and accelerate investment in advanced nuclear - ensuring America rema...