VST Vistra Corp

By Chris Wack

Vistra Corp. said Monday that it is seeking to extend the operation of Luminant's Comanche Peak Nuclear Power Plant through 2053, an additional 20 years beyond its original licenses.

The company said it has officially submitted its application for license renewal with the Nuclear Regulatory Commission.

"Comanche Peak is one of the lowest-cost and highest-performing nuclear power plants in the country and is a large, dispatchable source of carbon-free electricity," said Jim Burke, president and chief executive of Vistra. "Renewing the licenses of this plant is critical for grid reliability and our environment and is a benefit to the economy, the local community and our company."

The two-unit nuclear plant has a capacity of 2,400 megawatts, enough to power about 1.2 million Texas homes in normal conditions and 480,000 homes in periods of peak demand.

Comanche Peak is operated by more than 600 employees and more than 200 permanent contractors.

The current licenses for units 1 and 2 extend through 2030 and 2033, respectively. The company is applying to renew the licenses through 2050 and 2053, respectively.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

October 03, 2022 13:36 ET (17:36 GMT)

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