Earnings call...
"As a top operator of all forms of power generation, we often get asked about nuclear and gas," Ketchum told investors.
He explained, "Let me start with nuclear. Nuclear will play a role, but there are some practical limitations. Remember, on a national level, we expect we are going to need to add 900 gigawatts of new generation to the grid by 2040," adding, "There are only a few nuclear plants that can be recommissioned in an economic way. We are currently evaluating the recommissioning of our Duane Arnold nuclear plant in Iowa as one example."
DAEC began operations in early 1975 and operated for decades. In August 2020, the facility's cooling towers were damaged in a weather-related event, and repairs were deemed uneconomical. NextEra owns about a 70% stake in DAEC.