🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

US nuclear regulator has not gotten application for Three Mile Island restart

Published 09/20/2024, 02:01 PM
Updated 09/20/2024, 02:05 PM
© Reuters. FILE PHOTO: The Three Mile Island Nuclear power plant is pictured from Royalton, Pennsylvania, U.S. May 30, 2017.   REUTERS/Carlo Allegri/File Photo
MSFT
-
CEG
-

By Timothy Gardner and Laila Kearney

WASHINGTON (Reuters) - The U.S. Nuclear Regulatory Commission (NRC) said on Friday it has not yet gotten an application from Constellation Energy on restarting the Three Mile Island nuclear reactor.

Constellation and Microsoft (NASDAQ:MSFT) have signed a data center deal to help resurrect a reactor by 2028 at Three Mile Island in Pennsylvania. It has been shut since 2019.

"At this point there’s nothing in front of us in terms of an application. It’s up to Constellation to lay out its rationale for justifying restart, so we’re prepared to engage with the company on next steps," said NRC spokesperson Scott Burnell.

Constellation said it had plans to file a permit application but did not immediately specify a timeline for doing so. "We anticipate the NRC review to be complete in 2027," a company spokesperson said.

© Reuters. FILE PHOTO: The Three Mile Island Nuclear power plant is pictured from Royalton, Pennsylvania, U.S. May 30, 2017.   REUTERS/Carlo Allegri/File Photo

Nuclear proponents complain that NRC takes too long to review licenses, and a law signed by President Joe Biden this year is meant to help address that. But as demand for power soars for the first time in decades, the NRC is mulling a host of applications from new high-tech nuclear reactors and an application from a decommissioned reactor, in Michigan called Palisades, which if approved could be the first U.S. reactor to come back from restart.

Burnell said the NRC will use existing review processes to consider any licenses for TMI. Some opponents of quickly reopening shuttered nuclear plants have filed a petition at NRC saying the agency should adopt a new rule-making for such cases, as no closed U.S. nuclear power plant has ever been resurrected.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.