VST•The U.S. Department of Energy announced a $4.2 billion investment to boost nuclear power and help lower energy costs in Pennsylvania and Ohio. The projects are expected to preserve nearly 4 GW of power, add 433 MW of capacity and support about 3,000 jobs.
The investment will support Vistra’s Beaver Valley, Davis-Besse and Perry plants, where the company plans to boost output without new transmission corridors or equivalent new generation resources. The projects are expected to extend the plants’ operations by 20 years beyond their existing licenses. The DOE also said EDF’s conditional loan commitment includes an option to finance potential future uprates at Vistra’s Comanche Peak plant in Texas.
