Centrus Energy Corp (LEU)

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Great News for LEU: Nuclear Matters Welcomes NRC’s Renewal of Davis-Besse License

December 09, 2015 05:54 PM Eastern Standard Time

WASHINGTON--(BUSINESS WIRE)--Below is a statement from Nuclear Matters on the Nuclear Regulatory Commission’s approval of a 20-year license renewal for the Davis-Besse Nuclear Power Station in Oak Harbor, Ohio.

“This is extremely welcome news for Ohio. Davis-Besse, like other existing nuclear plants across the country, provides a steady stream of reliable, carbon-free electricity that is critical to the state’s energy mix. In fact, Ohio’s nuclear plants, including Davis-Besse, produce 12.1 percent of the state’s electricity, but account for 91 percent of its carbon-free generation. Especially at a time when we are working towards reducing carbon emissions, keeping our existing nuclear plants – like Davis-Besse – open and operating for the duration of their useful lifespan is a common sense part of the solution, as was noted during a discussion at the Davis-Besse plant this past February.

“According to a report released earlier this year by the Nuclear Energy Institute (NEI), Davis-Besse generates $1.1 billion in average annual economic output in the state of Ohio, and is expected to generate nearly $30 billion in economic output for the state through 2037. Not only does the plant employ roughly 700 people in well-paid positions, it also stimulates nearly 4,600 additional jobs throughout Ohio. What’s more, Davis-Besse’s operation prevents the release of 7.1 million metric tons of carbon dioxide annually, which is about the same amount of carbon dioxide released by over 1.4 million cars. Additionally, a recent report from the Brattle Group, an economic consulting firm, found that together, Ohio’s two nuclear plants provide nearly $17 million in net state tax revenues annually. Clearly, it is good news for Ohio consumers and businesses that they will be able to continue to reap these benefits.”

About Nuclear Matters

The mission of Nuclear Matters is to inform the public about the clear benefits that nuclear energy provides to our nation, to raise awareness of the economic challenges to nuclear energy that threaten those benefits, and to work with stakeholders to explore possible policy solutions that properly value nuclear energy as a reliable, affordable and carbon-free electricity resource that is essential to America’s energy future.

Supporters of Nuclear Matters include a range of companies and organizations in the energy industry, including Ameren Missouri, American Nuclear Insurers, Arizona Public Service Company, AREVA, Black & Veatch, POWER Engineers, Inc., Centrus Energy Corp. Dominion, Duke Energy, Energy Future Holdings Corporation, Energy Northwest, Exelon Corporation, FirstEnergy Corporation, GE Hitachi Nuclear Energy, Lightbridge Corporation, Nebraska Public Power District, NextEra Energy Inc., Omaha Public Power District, Pacific Gas and Electric Company, South Texas Project Nuclear Operating Company, Southern Company, Tennessee Valley Authority, and Westinghouse Electric Corporation.

Contacts

Media
For Nuclear Matters:
Emma Post, [phone]
[e-mail]
or
Joe Germani, [phone]
[e-mail]

http://www.businesswire.com/news/home/20151209006558/en/Nuclear-Matters-Welcomes-NRC%E2%80%99s-Renewal-Davis-Besse-License