ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Dominion Energy Receives Regulatory Approval to Extend V.C. Summer Nuclear Station Operations for 20 Years

  • Nuclear Regulatory Commission extends V.C. Summer’s operating license through 2062, ensuring reliable, carbon-free power for decades

The Nuclear Regulatory Commission (NRC) has approved Dominion Energy South Carolina’s application to extend the operating license for V.C. Summer Nuclear Station for an additional 20 years.

Located in Fairfield County, South Carolina, V.C. Summer provides electricity for customers of Dominion Energy and state-owned Santee Cooper. The 966-megawatt nuclear unit generates enough carbon-free electricity to power nearly 242,000 homes. It is a three-loop Westinghouse pressurized water reactor operated by highly skilled nuclear professionals under strict safety regulations with oversight from the NRC.

"V.C. Summer Nuclear Station has provided reliable, affordable and increasingly clean energy for our customers in the Palmetto State for more than 40 years," said Eric Carr, Dominion Energy's Chief Nuclear Officer. “With steady population growth and economic development, South Carolina will continue to need a clean and reliable workhorse like V.C. Summer to power our customers’ homes and businesses around the clock well into the future."

To ensure V.C. Summer’s longevity, Dominion Energy regularly performs maintenance and conducts upgrades at the station, including recently replacing the main transformer. Dominion Energy will continue to invest in V.C. Summer to ensure it operates at the highest levels of safety and performance for the life of the station.

V.C. Summer was originally licensed to operate for 40 years from 1982 through 2022. In 2004, the NRC approved a license renewal to allow continued operation for an additional 20 years through 2042. With the second renewed license, which was approved on June 30, 2025, the unit can operate through 2062.

Dominion Energy received approval to extend the operating licenses for Surry Power Station and North Anna Power Station in 2021 and 2024, respectively. The company plans to seek NRC approval to extend the operating license for Millstone Power Station in Connecticut.

In addition to providing electricity, Dominion Energy provides more than $33 million in tax revenue to Fairfield County annually as well as donates to local community organizations.

About Dominion Energy

Dominion Energy (NYSE: D), headquartered in Richmond, Va., provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. The company is one of the nation’s leading developers and operators of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England. The company’s mission is to provide the reliable, affordable, and increasingly clean energy that powers its customers every day. Please visit DominionEnergy.com to learn more.

News Category: South Carolina

Contacts

Media Relations, 800-562-9308

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.