Production Tax Credits
For nearly ten years MEAG Power staff and our Participants worked tirelessly to seek legislation that would allow non-profit, public entities like us the ability to monetize the benefits of Nuclear Production Tax Credits – tax credits that are provided to support the construction of advanced nuclear projects and are produced once the units are placed into commercial operation. On February 8, 2018, Congress passed this legislation. Our credits will produce a substantial source of revenue – hundreds of millions of dollars – to reduce the operating costs of Vogtle Units 3&4. Our success here stands as another example of how things can be made right when our voices come together.