Dresden Generating Station (also known as Dresden Nuclear Power Plant or Dresden Nuclear Power Station) is the first privately financed nuclear power plant built in the United States. Dresden 1 was activated in 1960 and retired in 1978. Operating since 1970 are Dresden units 2 and 3, two General Electric BWR-3 boiling water reactors. Dresden Station is located on a site in Grundy County, Illinois, at the head of the Illinois River, near the city of Morris. It is immediately northeast of the Morris Operation—the only de facto high-level radioactive waste storage site in the United States. It serves Chicago and the northern quarter of the state of Illinois, capable of producing 867 megawatts of electricity from each of its two reactors, enough to power over one million average American homes. In 2004, the Nuclear Regulatory Commission (NRC) renewed the operating licenses for both reactors, extending them from forty years to sixty. Unit 1 After the Atomic Energy Act of 1954 allowed private companies to own and operate nuclear facilities, Commonwealth Edison contracted with General Electric to design, construct, and place into operation the 192 MWe Dresden Unit 1 for $45M in 1955. One-third of the contract price was shared by a consortium of eight companies comprising the Nuclear Power Group Inc. The BWR at GE's Vallecitos Nuclear Center and the AEC's BORAX experiments provided research data and operator training for Dresden. The core contained 488 fuel subassemblies, 80 control rods, and 8 instrument nozzles. Each subassembly contained 36 fuel rods in a Zircaloy-2 channel. The fuel was uranium dioxide clad in Zircaloy-2 tube. The core thermal power was 626 MWt. The reactor vessel was rated to 1015 psia and measured 12 ft. 2 in. diameter and 42 ft. tall. The reactor featured a dual cycle, with steam coming from both the stream drum and steam generators. This made for rapid response to changes in power demand. Reactor power was regulated by actuation of the secondary admission valve by the turbine's governor. Decreasing the rate of secondary steam reduces reactor power, and vice versa. Thus, the secondary pressure varies with the external load. Cooling The plant has three cooling modes: Direct open-cycle mode: Intake from canal leading to the Kankakee River, discharge directly to the Illinois River. The cooling canal system, cooling lake, and the supplementary cooling towers are completely bypassed in this mode of operation. Indirect open-cycle mode: Intake