U.S. nuclear energy facilities are initially licensed to operate for 40 years and a Nuclear Regulatory Commission (NRC) rule allows licensees to apply for initial and subsequent license renewals of up to 20 years each after the initial 40-year term. The NRC approved initial license renewal for Peach Bottom on May 7, 2003. Peach Bottom Unit 2 is licensed through 2033 and Unit 3 is licensed through 2034.