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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. '. Previous 5 Terms: Combined cycle plant Combined cycle unit Combined heat and power (CHP) plant Combined household energy expenditures Combined hydroelectric plant Next 5 Terms: Combined pumped-storage plant Combined Seas Combustion Combustion chamber comedogenic About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.