TeachMeFinance.com - explain Combined license (COL)
Combined license (COL) The term 'Combined license (COL)' as it applies to the area of nuclear science can be defined as ' An NRC-issued license that authorizes a licensee to construct and (with certain specified conditions) operate a nuclear power plant at a specific site, in accordance with established laws and regulations. A COL is valid for 40 years (with the possibility of a 20-year renewal). For additional detail, see Combined License Applications. '.
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