Three Mile Island's Unit 1 reactor, shut down in 2019, is set to restart in 2028 under Constellation Energy, following an agreement with Microsoft to power its data centers. The plant will be renamed the Crane Clean Energy Center, pending Nuclear Regulatory Commission approval. Unit 2, which experienced a partial meltdown in 1979, is being decommissioned.
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.
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