Up & Atom

KEY TRENDS IN LAW AND POLICY REGARDING
NUCLEAR ENERGY AND MATERIALS
President Donald Trump recently established the National Energy Dominance Council through an executive order aimed at increasing the United States’ energy production and achieving energy dominance. The executive order seeks to promote the use of US natural resources, including uranium, and the Council has been tasked with providing recommendations to the president within 100 days, including actions that can be taken to bring small modular nuclear reactors online.
The US Department of Energy’s failure to transport and store spent nuclear fuel (SNF) pursuant to the Nuclear Waste Policy Act has required the government to reimburse the industry for substantial storage costs, and future payments are expected to increase. The DOE expects that its SNF liability has increased approximately 10% within the past year. While there are no expectations for a spent fuel storage solution in the United States anytime soon, other countries are establishing nuclear waste repositories.
Leaders from 34 countries met in Brussels, Belgium on March 21 for the first Nuclear Energy Summit. The purpose of the summit was to provide participating governments the opportunity to share their vision and plans for using nuclear power to achieve net-zero emissions and promote sustainable development.
Over the course of 2023, the US Nuclear Regulatory Commission (NRC) has started to develop a regulatory framework for fusion energy systems. Significantly, and as we previously reported, NRC decided to modify the existing process for licensing the use of byproduct materials contained in 10 CFR Part 30 to regulate nuclear fusion. NRC has now issued preliminary proposed rule language for the licensing and oversight of a broad array of fusion systems currently under development.
The US Nuclear Regulatory Commission (NRC) has set a course to create a regulatory framework for fusion energy systems that builds on NRC’s existing nuclear materials licensing process. As we have previously reported, NRC had considered three options for regulating nuclear fusion. NRC chose to work from the existing process for licensing the use of byproduct materials contained in 10 CFR Part 30, which requires only a limited-scope rulemaking.

In this Law360 article, Ryan Lighty discusses the US Congress’s efforts to incentivize coal-to-nuclear transitions. With the recently passed Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, Congress authorized a new program to foster the deployment of next-generation nuclear facilities at depowered coal sites.

Our energy lawyers discussed the recent Federal Energy Regulatory Commission (FERC) and North American Electric Reliability Corp. (NERC) report on Winter Storm Uri power outages, which outlined a series of recommendations, in the LawFlash FERC/NERC Report on Winter Storm URI Recommends Enhanced Cold Weather Preparation.
Vineyard Wind has received approval from the Bureau of Ocean Energy Management (BOEM), the US Army Corps of Engineers, and the National Marine Fisheries Service for its 800 megawatt offshore wind farm located about 15 miles off the coast of Martha’s Vineyard. The approval is likely to facilitate the development of additional projects and has been touted as helping achieve President Biden’s ambitious climate change goals.
A LawFlash prepared by lawyers in our environmental practice discusses the implications of the DC Circuit’s recent decision vacating the Environmental Protection Agency’s Affordable Clean Energy (ACE) rule on the Clean Power Plan. 

Read the LawFlash
Read a LawFlash published by our colleagues in the tax practice, explaining the implications of the new Consolidated Appropriations Act, 2021—which includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020—on various industries, including the “green” energy and technology industries.