NEW YORK, Oct 25 (Reuters) - Constellation Energy ( CEG )
is making its case to restore the operating license for
its Three Mile Island nuclear power plant in the first public
meeting before the U.S. Nuclear Regulatory Commission on Friday
on the unprecedented project to restart a retired reactor.
Constellation, which announced last month that it had signed
a 20-year power purchase agreement with Microsoft ( MSFT ) that
would enable the reopening Unit 1 reactor at Three Mile Island,
is also seeking to extend the life of the plant and change its
name to the Crane Clean Energy Center.
Three Mile Island, located in Pennsylvania, is widely known
for the 1979 partial meltdown of its Unit 2 reactor that was
permanently shut following the largest nuclear accident in U.S.
history.
The site's Unit 1 was shut due to economic reasons in 2019,
some 15 years before the license was set to expire.
Constellation completed initial testing this year and determined
it was physically, and financially, possible to resurrect it.
"We understand how we shut it down and we have a good idea
of how we are going to restart this," plant manager Trevor Worth
said at the NRC meeting.
No nuclear power plant has been restarted after being
retired.
The 835-megawatt reactor, which is expected to restart in
2028, would deliver power to the grid to offset electricity use
by Microsoft's ( MSFT ) data center in the region.
The effort to restore Three Mile Island, which is expected
to start work in the first quarter of 2025, cost at least $1.6
billion, and require thousands of workers, still requires
licensing modifications and permitting. Local activists have
also vowed to fight the project over safety and environmental
concerns.
Under the National Environmental Policy Act, the NRC will be
required to complete an environmental assessment within the
final year of any restart. The plant will require other
environmental permits, including ones for air emissions and
water pollutants.