Platts: US Senate Republicans offer bill to boost natural gas, nuclear - 0 views
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Energy Net on 06 Jul 10"Two Republican US senators Monday introduced a bill that would increase the use of natural gas, nuclear power and electric vehicles as a means of reducing the US power sector's air emissions and building domestic energy supply without specifically targeting greenhouse gas emissions. Senators Richard Burr of North Carolina and Saxby Chambliss of Georgia, said their bill (S. 3535) would move the country toward cleaner domestic fuel sources through financial incentives. According to a bill summary, the measure would expand US use of natural gas with incentives for vehicles run by the fuel, including requirements for federal purchases of natural-gas fueled vehicles and extending income tax credit for vehicle purchases. For nuclear power, the bill would increase loan guarantees, provide a 15-year accelerated depreciation period for new plants, a 10% investment tax credit and launch a policy for recycling spent nuclear fuel. "