SB 57 — AN ACT relating to nuclear energy development.

Summary

AN ACT relating to nuclear energy development.

Bill Text

Action History

1. Senate Committee Substitute 2

2. Fiscal Note to Senate Committee Substitute 2

3. Retain original provisions; add a definition for "affiliate" and amend the definitions for "combined operating license," "eligible applicant," and "utility"; provide that the grant cap of $25,000,000 is per project; provide that application materials submitted to the Kentucky Nuclear Energy Development Authority are confidential and not subject to disclosure under KRS 61.870 to 61.884; delete the prohibition on eligibility for applicants who have already received grant funding under the section; require that the community where the nuclear energy generating facility will be located apply for a nuclear-ready community designation prior to the grant application and be awarded the designation prior to the eligible applicant receiving grant funds; provide that grant funding shall be forfeited and repaid if the grant recipient has not applied for an early site permit within 1 year of receiving any grant funding under the section; increase the deadline to 5 years for applying for a construction or combined operating license and allow the authority to extend the deadline in 1 year increments for good cause; reference the application of licenses that are part of frameworks adopted in federal regulations by the United States Nuclear Regulatory Commission; increase the deadline to 10 years for commencing construction of a nuclear energy generating facility once all necessary permits and licenses have been obtained and allow the authority to extend the deadline in 1 year increments for good cause; delete the language establishing the Kentucky nuclear reactor site pilot program fund; amend KRS 154.32-010 to allow nuclear energy development project to be eligible for economic development funding through the Kentucky Business Investment Program; beginning January 1, 2027, require the authority to provide 20 hours of nuclear-related training each year to its advisory board members; allow the authority to employ third-party consultants to assist with the discharge of its duties.

4. Boards And Commissions - Kentucky Nuclear Energy Development Authority, advisory board, annual training Economic Development - Kentucky Business Investment Program, nuclear projects, eligibility Federal Laws And Regulations - United States Nuclear Regulatory Commission, licensing requirements, future regulatory frameworks Energy - Kentucky Nuclear Reactor Site Readiness Pilot Program, eligibility, requirements Nuclear Energy - Kentucky Business Investment Program, nuclear projects, eligibility Nuclear Energy - Kentucky Nuclear Energy Development Authority, advisory board, annual training Nuclear Energy - Kentucky Nuclear Reactor Site Readiness Pilot Program, eligibility, requirements Public Records And Reports - Kentucky Nuclear Reactor Site Readiness Pilot Program, application, exemption Public Utilities - Kentucky Nuclear Reactor Site Readiness Pilot Program, eligibility, requirements Fiscal Note - Kentucky Nuclear Reactor Site Readiness Pilot Program, eligibility, requirements

Sponsors

• D. Carroll, M. Deneen, G. Elkins, R. Mills, G. Neal, S. West, P. Wheeler, M. Wise · Primary

Votes

Subjects