EXECUTIVE SUMMARY: KEY FINDINGS AND CONCLUSIONS
Nuclear Facilities in Pennsylvania Can Easily Cover Their Going Forward/Avoidable Costs through 2028 and Should Not Rationally Retire
Publicly available fuel and going forward/avoidable cost data indicates Pennsylvania nuclear unit costs, expressed on a $/MWh basis, that range from a low of $24.62/MWh for Limerick 1 in the PECO Zone in the EMAAC LDA in eastern Pennsylvania to $30.05/MWh for Beaver Valley 1 in the ATSI LDA in northwest Pennsylvania.1 Overall, the going forward costs for six of the nine operating nuclear units in Pennsylvania are at or below the industry average, with Three Mile Island 1 and Beaver Valley 1 and 2 having costs well above average. The net annual unit operating profits looking into the future on average over the 2019 to 2028 period are $9.22/MWh, or nearly $73 million per year for a 1000 MW unit operating at a 90 percent capacity factor. Absent any unknown need for major investments or repairs at these units, there is no reason for the Pennsylvania nuclear units, except for Three Mile Island, to retire because they are profitable on an operating basis.