Zitong Financial APP has learned that the Biden administration has launched a $6 billion program to help nuclear power plants in the United States that are at risk of shutting down. On Tuesday, local time, the United States launched a certification and bidding process for a civilian nuclear energy credit program to help owners or operators of nuclear power plants in financial difficulties. The U.S. Department of Energy said it would accept the first round of funding applications for the project by May 19, giving priority to nuclear power plants that have announced plans to shut down.

According to Bloomberg, the project will includePower operators, including PEG.US, Constellation Energy (CEG.US) and Energy Harbor (ENGH.US), provide support。

Pacific Coal Power (PCG.US)The company is also likely to receive support from plans to shut down its two nuclear power plants in California's Debra Valley in 2024 and 2025.

The ETF associated with it includes:Utilities ETF (XLU.US), Gblobal X Uranium (URA.US), Nuclear Energy Index ETF (NLR.US).

In the past decade, more than a dozen commercial nuclear power plants in the US have been shut down before their licenses expire, and 1/4 or more of the remaining 93 are in crisis, according to the Department of Energy. Nuclear power currently provides about 20% of the electricity in the United States, and nuclear energy accounts for about half of the carbon-free energy in the United States.

The only nuclear power plant currently under construction in the United States is the Vogtler nuclear power plant in Southern Co, Georgia, but the cost of the project has been rising over the years, and another delay was announced in February.