ME·Bill·131st Legislature (2023-2024)
LD 486
An Act To Encourage Economic Development Through The Manufacture And Use Of Marine Nuclear Power Modules
Introduced 2023-02-07Last action 2023-02-07
Sponsor
Richard CAMPBELLR
Cosponsors
Mark BABINSteven FOSTERPeter LYFORDRobert NUTTINGShelley RUDNICKIMichael SOBOLESKIJames THORNE
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Died in committee
The 131st Legislature (2023-2024) ended on 2024-04-17. This bill was in committee when the session adjourned and did not advance to enactment.
Legislative Progress
✓
Introduced
✗
In Committee
3
Passed Chamber
4
Enacted / Signed
Summary
This bill proposes to extend the same financial subsidies currently provided to solar and wind energy developers to manufacturers of small modular nuclear reactors (also called nuclear power modules) in Maine. The legislation aims to incentivize the production of these compact nuclear reactors, which would be installed on offshore barges and transported along Maine's coast to supply electricity to coastal communities with power needs. By offering equivalent subsidies to those given to renewable energy sources, the bill seeks to promote nuclear power manufacturing as an economic development opportunity while addressing the state's coastal electricity demands through floating nuclear power stations.
Note
Historical import. Session: 131
Full Bill Text
http://www.mainelegislature.org/legis/bills/getPDF.asp?paper=HP0303&item=1&snum=131