(TNS) — The rumors are fact.
After months of hints and speculation, the owner of the closed nuclear power station on Three Mile Island is announcing today that it has decided to try to bring it back online by 2028.
The restart would apply only to the island’s Unit 1 reactor, which was closed by then-owner Exelon in 2019 as it started to turn into a money loser. Exelon said at that time that the plant’s operational costs meant its power could no longer compete with cheap natural gas flooding the energy market.
But Joe Dominguez, CEO of successor owner Constellation Energy, told PennLive Thursday tidal changes in the energy market — both in terms of increased demand in the Information Age economy and concerns about the reliability of the existing grid — have made nuclear viable again.
First, weather-related incidents such as the 2021 deep freeze in Texas…
