WASHINGTON — A bond provision in a recently unveiled climate change bill appears to be broader than intended and would allow electric cooperatives and potentially the federal government to serve as conduit borrowers on tax-exempt and Build America Bond deals.

The draft American Power Act, released Wednesday by Sens. John Kerry, D-Mass., and Joseph Lieberman, I-Conn., contains a provision designed to allow tax-exempt bonds to be used in public-private partnerships for advanced nuclear facilities, according to a summary of the bill.

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