New production tax credit for existing nuclear facilities of $0.015/kWh for projects meeting prevailing wage and apprenticeship requirements, $0.003/kWh if not. Facility must earn an average of $25/MWh or less in electricity revenues, excluding state subsidies. Credit is reduced by 80% of average revenues earned above $25/MWh, but to no less than $0. Credit applies to projects beginning in 2024 and ends in 2032.