U.S. NRC Approves St. Lucie Nuclear Plant License Renewals Through 2056 and 2063
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy NEE?
Following a rmulti-year application and review process, the U.S. Nuclear Regulatory Commission has approved subsequent license renewals for St. Lucie Nuclear Plant Units 1 and 2, extending operations through 2056 and 2063, respectively. In 2024, the NRC approved subsequent license renewals for the two units at Turkey Point, Florida's only other operational nuclear plant. Importantly, the approval ensures that Florida will continue to be powered by low-cost, clean nuclear energy well into the future.
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Analyst Views on NEE
Wall Street analysts forecast NEE stock price to fall
16 Analyst Rating
12 Buy
4 Hold
0 Sell
Strong Buy
Current: 93.100
Low
84.00
Averages
92.50
High
100.00
Current: 93.100
Low
84.00
Averages
92.50
High
100.00
About NEE
NextEra Energy, Inc. is an electric power and energy infrastructure company. It operates through its wholly owned subsidiaries, NextEra Energy Resources, LLC and NextEra Energy Transmission, LLC (collectively, NEER) and Florida Power & Light Company (FPL). Its segments include NEER and FPL. FPL segment is a rate-regulated electric utility engaged in the generation, transmission, distribution and sale of electric energy in Florida. FPL has approximately 35,052 megawatts of net generating capacity, over 91,000 circuit miles of transmission and distribution lines and 921 substations. The NEER segment owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets in the United States and Canada and includes assets and investments in other businesses with a clean energy focus, such as battery storage, natural gas pipelines, and renewable fuels. It owns, develops, constructs and operates rate-regulated transmission facilities in North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Resilience of Consumer Staples and Utilities: During economic downturns, utility and consumer staples companies typically perform well as spending on essential goods remains stable, making these sectors attractive safe havens for investors, especially amid market turbulence.
- Growth Potential of NextEra Energy: As a utility giant, NextEra Energy projects an 8% earnings growth through 2030, driven by surging electricity demand and a rapidly growing clean energy sector, providing a solid foundation for future dividend increases.
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