S. 3293: Energy and Water Development and Related Agencies Appropriations Act, 2026

The bill is focused on appropriating funds for energy and water development for the fiscal year that ends on September 30, 2026. It outlines significant financial allocations for various projects, primarily through the Army Corps of Engineers, aimed at improving infrastructure related to flood control, ecosystem restoration, and ongoing maintenance operations. The total appropriations sum to billions of dollars, divided among different projects and operational needs.

Department of Energy Funding

In addition to the Corps of Engineers, the bill provides substantial financial support for activities within the Department of Energy. This includes:

• $265 million for facility acquisition.
• $1.685 billion specifically earmarked for nuclear energy initiatives.

Furthermore, certain amounts allocated in the bill must remain available until 2027, allowing for extended program direction under specific conditions. The bill sets forth strict guidelines regarding the usage and reallocation of these funds to ensure accountability and proper management.

Nuclear Fuel Management

A key aspect of the legislation involves the management of spent nuclear fuel. The bill mandates that spent nuclear fuel must be safely stored in consolidated facilities until a permanent solution for disposal is established. Importantly:

• Before selecting a site for such storage, the bill requires obtaining consent-based agreements from local entities.
• All actions must comply with relevant regulations, ensuring that safety and environmental standards are upheld.
• Public hearings must be conducted to give communities an opportunity to participate in the discussion concerning site selection.
• A detailed program plan related to the storage and future disposal of nuclear fuel must be presented to Congress.

Overall Objectives

The overarching aim of the bill is to enhance energy infrastructure, promote effective water management, support nuclear energy operations, and ensure the community's involvement in decisions that affect them, particularly concerning nuclear waste management.

Relevant Companies

• NEE - NextEra Energy, Inc.: This company could be impacted by changes in funding for nuclear energy projects and facilities.
• DUK - Duke Energy Corporation: Duke Energy may be affected by regulations and opportunities related to spent nuclear fuel management.
• EXC - Exelon Corporation: As a major player in the nuclear energy sector, Exelon may see direct impacts from funding allocations for nuclear energy initiatives.