Citi has expressed concerns about potential delays and cost overruns for Constellation's restart of the Three Mile Island nuclear plant, despite a generally bullish outlook from other analysts. The plant, which has been shut down since 1979, is expected to bring back 835 megawatts of carbon-free electricity, creating approximately 3,400 jobs in the region. As electricity demand surges, the restart is seen as crucial for grid reliability, with Constellation planning to file for regulatory exemptions to commence restoration work.
NextEra Energy's CEO, John Ketchum, announced strong interest from data center customers in restarting the Duane Arnold nuclear plant in Iowa, which ceased operations in 2020. The company is conducting engineering assessments and collaborating with the Nuclear Regulatory Commission to evaluate a potential recommissioning, emphasizing the plant's simpler design and long-term asset value. As electricity demand surges, particularly from tech giants, nuclear power is gaining traction for its reliable, carbon-free energy supply.
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