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Duane Arnold Nuclear Plant Recommissioning

Sector: Power Generation (CCGT) • Location: Palo, Iowa, United States

Source: The Globe and Mail

Project
Planned

NextEra Energy has entered into a 25-year power purchase agreement with Google to recommission the 615-megawatt Duane Arnold nuclear plant in Palo, Iowa. The plant, which shut down in August 2020, is expected to restart by Q1 2029 or possibly as early as Q4 2028. NextEra Energy is acquiring the remaining 30% ownership by assuming CIPCO and Corn Belt decommissioning liabilities. The project is expe

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The project “Duane Arnold Nuclear Plant Recommissioning” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Palo, Iowa, United States. Taiyo aggregates data on it from The Globe and Mail.

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Description

Description

NextEra Energy has entered into a 25-year power purchase agreement with Google to recommission the 615-megawatt Duane Arnold nuclear plant in Palo, Iowa. The plant, which shut down in August 2020, is expected to restart by Q1 2029 or possibly as early as Q4 2028. NextEra Energy is acquiring the remaining 30% ownership by assuming CIPCO and Corn Belt decommissioning liabilities. The project is expected to contribute up to $0.16 in average annual adjusted EPS over the first 10 years of operation and is eligible for a nuclear production tax credit with a 10% energy community bonus.

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High

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