The MK I containment system was a designed by GE to save money. The system has been criticized even by nuclear proponents and nuclear engineers.
Building strong enough primary containment is a difficult and expensive challenge. GE solution was to use a suppression pool to reduce this cost. If the reactor had a significant pressure spike then excess steam would be vented into a suppression pool also called the torus. The vents open underwater in the suppression pool so steam would be cooled as it passes through the water and pressure would drop.
Here is a shot of a GE MK I being built (in Alabama). The central structure is the reactor pressure vessel. When finally finished primary containment will surround this with reinforced steel and concrete. The "ring" at the bottom of the suppression pool.
By using the suppression pool as a "shock absorber" a smaller, weaker primary containment could be built. This is also why the reactor diagrams look very "crowded". Most containment buildings are expensive but large this allows for a less crowded layout. The GE design used a smaller building so all the equipment is crammed into a smaller space. One of the flaws is that the suppression pool is located outside of primary containment so if the suppression pool breaks or raptures primary containment is compromised. Also if water can't be replaced in suppression pool the "shock absorber" capability is also lost meaning future transients can damage primary containment.
There is no technical advantage to using a system like this. The only advantage is cost. You couldn't build a reactor with this design today .
In the US there are 23 reactors using the MK I containment system that are still operating:
Plant Name STATE OL Issued OL Renewed OL Expires
Browns Ferry Nuclear Plant, Unit 1 AL 12/20/1973 5/4/2006 12/20/2033
Browns Ferry Nuclear Plant, Unit 2 AL 8/2/1974 5/4/2006 6/28/2034
Browns Ferry Nuclear Plant, Unit 3 AL 8/18/1976 5/4/2006 7/2/2036
Brunswick Steam Electric Plant, Unit 1 NC 9/8/1976 6/26/2006 9/8/2036
Brunswick Steam Electric Plant, Unit 2 NC 12/27/1974 6/26/2006 12/27/2034
Cooper Nuclear Station NE 1/18/1974 1/18/2014
Dresden Nuclear Power Station, Unit 2 IL 2/20/1991 10/28/2004 12/22/2029
Dresden Nuclear Power Station, Unit 3 IL 1/12/1971 10/28/2004 1/12/2031
Duane Arnold Energy Center IA 2/22/1974 2/21/2014
Edwin I. Hatch Nuclear Plant, Unit 1 GA 10/13/1974 1/15/2002 8/6/2034
Edwin I. Hatch Nuclear Plant, Unit 2 GA 6/13/1978 1/15/2002 6/13/2038
Fermi, Unit 2 MI 7/15/1985 3/20/2025
Hope Creek Generating Station, Unit 1 NJ 7/25/1986 4/11/2026
James A. FitzPatrick Nuclear Power Plant NY 10/17/1974 9/8/2008 10/17/2034
Monticello Nuclear Generating Plant, Unit 1 MN 1/9/1981 11/8/2006 9/8/2030
Nine Mile Point Nuclear Station, Unit 1 MI 12/26/1974 10/31/2006 8/22/2029
Oyster Creek Nuclear Generating Station, Unit 1 NJ 7/2/1991 4/8/2009 4/9/2029
Peach Bottom Atomic Power Station, Unit 2 MI 10/25/1973 5/7/2003 8/8/2033
Peach Bottom Atomic Power Station, Unit 3 MI 7/2/1974 5/7/2003 7/2/2034
Pilgrim Nuclear Power Station MI 6/8/1972 6/8/2012
Quad Cities Nuclear Power Station, Unit 1 IL 12/14/1972 10/28/2004 12/14/2032
Quad Cities Nuclear Power Station, Unit 2 IL 12/14/1972 10/28/2004 12/14/2032
Vermont Yankee Nuclear Power Plant, Unit 1 VT 3/21/1973 3/21/2012