1. Short title; definitions (a) Short title This Act may be cited as the Preserving Existing Nuclear Energy Generation Act . (b) Definitions In this Act: (1) Administrator The term Administrator means the Administrator of the Environmental Protection Agency. (2) Appropriate committees of Congress The term appropriate committees of Congress means— (A) the Committee on Environment and Public Works of the Senate; and (B) the Committee on Energy and Commerce of the House of Representatives. (3) Commission The term Commission means the Nuclear Regulatory Commission. (4) Secretary The term Secretary means the Secretary of Energy. 2. Nuclear reactor incentives (a) Definitions In this section: (1) Certified nuclear reactor The term certified nuclear reactor means a nuclear reactor that— (A) operates in a competitive electricity market; and (B) is certified under subsection (c)(2)(A)(i) to submit a sealed bid in accordance with subsection (d). (2) Credit The term credit means a credit allocated to a certified nuclear reactor under subsection (e)(2). (b) Establishment of program Subject to the availability of appropriations, the Administrator, in consultation with the Secretary, shall establish an emissions avoidance program— (1) to evaluate nuclear reactors that are projected to cease operations due to economic factors