“Recently, we filed notice with the Nuclear Regulatory Commission to request a licensing change, an important first step in establishing the regulatory pathway to restore the facility's operating license and potentially restart plant operations as early as the end of 2028.”

In context

“forward, but won't be available at scale until 2030 and then only in certain pockets of the U.S. In addition, gas-fired generation is more expensive than it's been with costs having more than doubled over the last five years due to the limited supply of gas turbines, a constrained supply chain and much higher EPC costs. Nuclear continues to be a much longer term option in our opinion, due to first of a kind risks and uncertainty with near-term opportunities centered on recommissioning and upgrade projects. Nuclear plants across the country are already serving existing demand and there are only a few nuclear plants that could be recommissioned in the near-term in an economic way. We are continuing to make progress in evaluating the recommissioning of our Duane Arnold nuclear plant in Iowa. Recently, we filed notice with the Nuclear Regulatory Commission to request a licensing change, an important first step in establishing the regulatory pathway to restore the facility's operating license and potentially restart plant operations as early as the end of 2028. While this is just one part of our broader efforts with regulators, government officials, potential customers and other stakeholders, we are encouraged by the positive responses we have received so far from all parties involved. We also continue to evaluate alternatives such as SMRs. However, due to the risks and uncertainty, the practical reality is we are unlikely to add multiple gigawatts of new nuclear to the grid over the next decade. That means we need renewables and storage to meet that -- to meet demand that is here today. And as we move towards the next decade, we can supplement renewables and storage with natural gas-fired generation, and to a more limited extent, nuclear given the time it will take to develop and build. We know this because we have experience across the entire”