SODDY DAISY, Tenn. (AP) -- The Tennessee Valley Authority has applied to the Nuclear Regulatory Commission to extend operating licenses for both units at the Sequoyah Nuclear Plant.
The application for 20-year extensions, if approved, would allow the plant to operate until 2040 and 2041 respectively. TVA said in a news release issued Wednesday that the license renewal process is expected to cost $23 million, including NRC charges to TVA.
The NRC initially licenses nuclear plants for 40 years of operation, with an opportunity to request a license extension for an additional 20 years. Public meetings will be held over the next two years as a part of the license application process.