FE’s Nuclear License Extended – Analyst Blog
Source: http://www.zacks.com/stock/news/27170/FE%27s+Nuclear+License+Extended+-+Analyst+BlogPosted on Wednesday, November 11th, 2009 | In Investing Lessons, Stocks to Watch
FirstEnergy Nuclear Operating Co., a subsidiary of FirstEnergy Corp. (FE), received a 20-year license extension for the Beaver Valley Power Station Unit 1 and Unit 2 in Shippingport, Pennsylvania.
The Nuclear Regulatory Commission (NRC) granted the license renewal after thorough inspection and audit of the plant’s safety and environmental programs; the hearing detailed information from Beaver Valley representatives during five public meetings; and review of more than 3,000 pages of supporting documents.
FirstEnergy Nuclear Operating Co. (FENOC) submitted a revised license renewal application to the NRC in 2007 for Unit 1 and Unit 2 to operate until 2036 and 2047, respectively. Unit 1’s original license was set to expire in 2016 followed by Unit 2 in 2027.
Beaver Valley is capable of generating 1,815 megawatts, enabling it to power more than 1.4 million homes. In addition, plant operations prevent the emission of more than 12 tons of carbon dioxide gases annually, an amount equal to what would have been emitted by a similar-sized coal fired power plant. The license extension will enable Beaver Valley will remain an important source of safe, reliable and clean electricity for the region for an extended period, while providing good paying jobs and financial support to the community.
Read the full analyst report on “FE”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- Pulte Homes Loss Widens - Analyst Blog - February 9th, 2010
- Coca Cola Reports In Line - Analyst Blog - February 9th, 2010
- Unisys Revenues Lower - Revised - Analyst Blog - February 9th, 2010
- Principal Financial Misses - Analyst Blog - February 9th, 2010
- Synopsys to Acquire CoWare - Analyst Blog - February 9th, 2010
![]() About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |




