An application submitted for a nuclear energy generation project under § 7–1212 of this subtitle shall include:
(1)a detailed description and financial analysis of the project;
(2)the proposed method of financing the project, including documentation demonstrating that the applicant has applied for all current eligible State and federal grants, rebates, tax credits, loan guarantees, and other programs available to offset the cost of the project or provide tax advantages;
(3)a commitment that the applicant will use best efforts to apply for all eligible State and federal grants, rebates, tax credits, loan guarantees, or other similar benefits as those benefits become available;
(4)a cost–benefit analysis that shall include, at a minimum:
Free access — add to your briefcase to read the full text and ask questions with AI
An application submitted for a nuclear energy generation project under § 7–1212 of this subtitle shall include:
(1) a detailed description and financial analysis of the project;
(2) the proposed method of financing the project, including documentation demonstrating that the applicant has applied for all current eligible State and federal grants, rebates, tax credits, loan guarantees, and other programs available to offset the cost of the project or provide tax advantages;
(3) a commitment that the applicant will use best efforts to apply for all eligible State and federal grants, rebates, tax credits, loan guarantees, or other similar benefits as those benefits become available;
(4) a cost–benefit analysis that shall include, at a minimum:
(i) a detailed input–output analysis of the impact of the project on income, employment, wages, and taxes in the State;
(ii) detailed information concerning assumed employment impacts in the State, including the expected duration of employment opportunities, the salary of each position, and other supporting evidence of employment impacts;
(iii) an analysis of any impact on residential, commercial, and industrial ratepayers over the life of the project;
(iv) an analysis of any long–term effect on energy and capacity markets as a result of the project;
(v) an analysis of any impact the project would have on businesses in the State;
(vi) an analysis of the anticipated environmental benefits, health benefits, and economic impacts of the project to the citizens of the State; and
(vii) an analysis of other benefits resulting from the project, including increased in–State construction, operation and maintenance needs, and equipment purchases;
(5) a proposed long–term pricing schedule for the project that shall specify a price for the generation attributes, including the energy, capacity, ancillary services, and environmental attributes;
(6) a decommissioning and waste storage plan for the project, including provisions for decommissioning or waste storage as required by the U.S. Nuclear Regulatory Commission;
(7) a commitment to abide by the requirements set forth in § 7–1202 of this subtitle;
(8) a description of the applicant’s plan for engaging small businesses, as defined in § 14–501 of the State Finance and Procurement Article;
(9) if applicable, the statement specified in § 7–1215(b)(2) of this subtitle; and
(10) any other information the Commission requires.