Vistra's Perry Nuclear Plant Gets 20-Year License Extension, Ensures Operations Through 2046

Vistra Corp. (NYSE:VST) is one of the best US stocks to buy according to Billionaires. On July 7, Vistra announced that the company received approval from the Nuclear Regulatory Commission/NRC to extend the operating license of its 1,268-megawatt Perry Nuclear Power Plant in Ohio through 2046.

This extends the plant’s operational lifespan by an additional 20 years beyond its original 40-year license, which commenced when it connected to the grid in 1986. Vistra had submitted its license renewal application to the NRC in 2023.

The approval makes Perry plant the last of its six nuclear reactors to receive a license extension. With this, all six of Vistra’s reactors are now licensed to operate for a total of 60 years. The plant currently employs ~600 full-time staff and over 200 permanent contractors, supporting hundreds of families in the region. Additionally, regularly scheduled refueling outages bring in 800 to 1,200 highly skilled technicians from across the country.

Vistra Corp. (NYSE:VST) is an integrated retail electricity and power generation company in the US.

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Disclosure: None. This article is originally published at Insider Monkey.