Why does Limerick need to renew its operating license?
Nuclear energy plants in the United States are licensed to operate for 40 years. The 40-year license term reflects the amortization period generally used by electric utility companies for large capital investments. The Atomic Energy Act of 1954 permits nuclear plants to renew their operating licenses. Limerick Unit 1’s original license continues through Oct. 26, 2024 and Unit 2’s license continues through June 22, 2029. With license renewal, Limerick Generating Station Unit 1 and Unit 2 will be able to continue to produce clean, low-cost energy until 2044 and 2049.
