April 17 (Reuters) - Constellation Energy Corp ( CEG )
said on Wednesday it has asked the U.S. Nuclear Regulatory
Commission (NRC) to extend the operating license of its Dresden
plant in Illinois by another two decades.
The nuclear plant produces enough baseload electricity to
power the equivalent of nearly 1.4 million homes, and is
currently licensed to operate through 2029 for Unit 2 and 2031
for Unit 3.
Constellation said its renewal application will kick start a
multi-year review by the NRC, and if approved, will keep the
plant operating through 2051.
There is growing global support for nuclear energy, which is
seen as a carbon-free solution to address pollution and climate
change.
Baltimore, Maryland-based Constellation has been investing
to maintain and expand its nuclear power generation. The company
in February said it is seeking license renewal for its other
plant in Illinois and last month issued a corporate green bond
worth $900 million to finance its nuclear energy projects.