NRC Renews License for Duke Energy’s Robinson Nuclear Plant

Photo by Frédéric Paulussen connected Unsplash

Duke Energy Corporation (NYSE:DUK) engages successful the organisation of earthy state and energy-related services. The institution owns and operates a divers premix of regulated powerfulness plants – including hydro, coal, nuclear, earthy gas, solar, and artillery storage.

Duke Energy Corporation (NYSE:DUK) announced connected April 23 that the U.S. Nuclear Regulatory Commission had renewed the operating licence for its Robinson Nuclear Plant for a further 20 years, extending the facility’s operations until 2050. Located successful Hartsville, South Carolina, the 759 MW works provides capable carbon-free energy to powerfulness 570,000 homes. Moreover, it supports astir 500 high-paying jobs, successful summation to contributing astir $28 cardinal successful yearly section taxes.

Robinson is the 2nd Duke Energy Corporation (NYSE:DUK) atomic works to unafraid a consequent licence renewal, followed by the Oconee Nuclear Station successful 2025. The institution revealed that it would question the aforesaid hold for each 11 operating units crossed its atomic fleet.

Steven Capps, Chief Nuclear Officer for Duke Energy Corporation (NYSE:DUK), stated:

“Extending the operating beingness of this proven plus helps america present low-cost, always-on energy for customers portion supporting jobs and vigor information for the region. Robinson’s consequent licence renewal reflects the spot of our information civilization and the rigorous enactment our teams bash each time to enactment our communities.”

Congressman Russell Fry (SC-07) besides commented:

“For 50 years, Robinson Nuclear Plant has been the backbone of South Carolina’s atomic fleet. The hold of its licence is monumental for the Pee Dee and allows Duke Energy to proceed providing affordable, reliable energy to homes and businesses successful the region. This renewal is simply a triumph for families successful the Pee Dee, Robinson Nuclear Plant’s employees and Darlington County arsenic a whole.”

While we admit the imaginable of DUK arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 Best Global Stocks to Buy According to Wall Street Analysts and 8 Best Wind Power and Solar Stocks to Buy Right Now

Disclosure: None. Follow Insider Monkey connected Google News.