Indiana Energy Bill Boosting Nuclear Manufacturing Advances to Governor

Indiana lawmakers have advanced House Bill 1007 to the governor’s desk, aiming to boost energy generation and incentivize the development of small modular nuclear reactor (SMR) technology in the state. The bill expedites approval for large-load customers such as data centers, provides cost recovery for utilities, and requires utilities to regularly report planned capacity reductions to ensure grid reliability. While the Senate removed a tax credit for utilities investing directly in SMRs, a 20% tax credit remains for manufacturers producing SMR technology, a move intended to help Indiana compete with other states for energy sector investment. Critics, such as Rep. Matt Pierce, voiced concerns over the bill’s $280 million fiscal impact, suggesting those funds could address other state priorities like health care or child care. Despite these concerns, supporters argue the legislation could bring significant economic benefits, including hundreds of high-paying jobs. The bill passed with a 63-23 party-line vote and now awaits the governor’s signature.