# Sen. Scott Introduces Nuclear Investment Bill

On October 7, 2026, Sen. Tim Scott introduced the Opportunities for Nuclear Energy Investment Act. The proposal would extend a 10% bonus tax credit under Section 48E to construction of qualifying nuclear facilities and expand the Section 45X credit to U.S.-manufactured distribution and larger power transformers. It is a legislative proposal, not a solicitation or contract award. The signal also cites an approximately two-year transformer backlog and Eaton’s planned $340 million investment in Jonesville, South Carolina, expected to create 700 jobs.

- If enacted, the proposed credits could affect financing and investment decisions for qualifying nuclear projects and domestic transformer manufacturing; companies can assess how the proposed eligibility changes could apply to their plans.
- Grid and nuclear project procurement teams should account for the cited transformer backlog in sourcing and schedule planning; Eaton’s planned investment is a concrete example of domestic manufacturing capacity expansion.
- The bill’s introduction does not create an active procurement opportunity or establish an effective date. Contractors and developers should distinguish the proposed incentives from enacted law when making bids or investment commitments.

**Jurisdictions:** federal
**Industries:** Energy & Utilities, Construction & Infrastructure
**Topics:** Grants & Funding, Physical Infrastructure, Policy
**Published:** October 08, 2026

### Government Entities
- U.S. Senate
- U.S. Senate Committee on Finance (Senate Finance Committee)
- U.S. Congress

### Vendors
- Eaton (Transformer manufacturer; announced domestic manufacturing investment)
- Elementl Power ()
- Duke Energy Carolinas ()

### Key Quotes
> Eaton is investing $340 million in Jonesville, South Carolina to create 700 new jobs and help solve one of the grid’s most urgent challenges: manufacturing distribution transformers.
> — Mike Yelton, President, Electrical Sector, Americas, Eaton

> American energy dominance requires more nuclear facilities and a modernized energy grid.
> — Tim Scott, U.S. Senator

### Sources
- [Sen. Tim Scott introduces legislation to encourage investment in new nuclear facilities, bring manufacturing back to U.S. — U.S. Senator Tim Scott of South Carolina](https://www.scott.senate.gov/media-center/press-releases/sen-tim-scott-introduces-legislation-to-encourage-investment-in-new-nuclear-facilities-bring-manufacturing-back-to-u-s) - U.S. Senate (.gov)
- [Sen. Tim Scott introduces legislation to encourage investment in new nuclear facilities, bring manufacturing back to U.S. — U.S. Senator Tim Scott of South Carolina](https://www.scott.senate.gov/media-center/press-releases/sen-tim-scott-introduces-legislation-to-encourage-investment-in-new-nuclear-facilities-bring-manufacturing-back-to-u-s/) - Scott Senator