Duke Energy is considering nuclear for its long-term plans, but it may take decades before the resource is being installed at scales similar to gas plants, solar or wind today.

EIA data on utility capital spending over the past 20 years shows that an increase in distribution and transmission spending outweighed declines in generation spending.

The new federal funding is aimed at building market confidence that the U.S. nuclear industry will be able to incorporate the lessons learned at Vogtle to deliver a new round of safer, more efficient SMRs on time and on budget.

The first new reactors built in the U.S. since 2016, Vogtle’s two units have come online seven years late and $17 billion over budget, leaving subsequent projects surrounded by perceptions of risk.

Economic growth in the Southeast fueled first-quarter earnings of more than $1.1 billion, Southern Co. executives said.

Michigan’s 800-MW Palisades nuclear power plant could become the first nuclear plant in the U.S. to be restarted, helped by a $1.52 billion loan from DOE’s Loan Programs Office.

Southern Co. is forecasting 5 to 7% annual earnings growth thanks to a robust economy in Georgia.

DOE is estimating that 500 to 750 GW of clean, firm power — including 200 GW of new nuclear — will be needed to reach net-zero emissions economy-wide by 2050.

A House Energy & Commerce subcommittee heard testimony on the state of the nuclear industry as its members start work on a bill to deploy new advanced reactors.