Constellation Seeks License Renewals for Two New York Units Through 2049
Maintaining nuclear fleet will save New Yorkers $50 billion and sustain reliable emissions-free power amid rising demand
Constellation (Nasdaq: CEG) has filed license renewal applications with the Nuclear Regulatory Commission (NRC) to extend the operations of Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. Constellation’s decision to invest in these plants to extend their safe and reliable operations into mid-century demonstrates that New York State’s renewal of its Zero Emissions Credit (ZEC) program is working as intended.
“We commend Governor Hochul and the Public Service Commission for recognizing the unmatched safe, reliable, zero-emission power our upstate nuclear fleet delivers and for taking actions to keep these key assets running,” said Joe Dominguez, president and CEO of Constellation. “Constellation’s four upstate nuclear units provide nearly half of the state’s clean power, support thousands of family-sustaining jobs and generate millions in local tax revenue.”
Renewal of the ZEC program is projected to deliver $50 billion in ratepayer savings by 2050, contribute $38 billion to New York’s economy, secure 14,000 good-paying, local jobs for decades to come, and preserve $10 billion in tax revenue for the state.
