Question · Q3 2025
Jeremy Tunnett inquired about the progress at Three Mile Island and any updated thoughts on its restart. He also asked for insights into recent power market movements, particularly rising energy prices, and their potential impact on contract discussions.
Answer
President and CEO Joe Dominguez confirmed that progress at Three Mile Island is going well, with critical items completed and no new challenges emerging, noting the plant's condition is better than anticipated. Executive Vice President and Chief Commercial Officer Jim McHugh elaborated on power markets, stating that nearby months saw a small rebound due to gas, but longer-duration power upside has been stronger, outperforming gas. He attributed this to expanding heat rates and spark spreads driven by data growth, general load growth, and anticipated retirements, leading to expectations of higher energy prices and favorable impacts on asset sales.