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NRC Issues Subsequent License Renewals for First Time to Nuclear Reactors in Florida

LCG, December 11, 2019--The Nuclear Regulatory Commission (NRC) staff recently approved Florida Power & Light's (FPL's) application for an additional 20 years of operation for Turkey Point Nuclear Generating Units 3 and 4. This is the first time the NRC has issued renewed licenses authorizing reactor operation from 60 to 80 years. The subsequent (or second) license renewals (SLRs) for Turkey Point Unit 3 and Unit 4 now expire on July 19, 2052 and April 10, 2053, respectively.

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New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

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Industry News

FPL Targets 1,490 MW of Solar Capacity for New Community Solar Program

LCG, March 15, 2019--Florida Power & Light Company (FPL) Wednesday filed a proposal with the Florida Public Service Commission (PSC) for a new community solar program, FPL SolarTogether. Pending PSC approval, FPL plans to install 1,490-MW of capacity at 20 new solar power plants across FPL's service territory to meet anticipated customer enrollment in the program.

FPL estimates the FPL SolarTogether will provide $139 million in net savings for customers over the long term, primarily from avoided fuel and other system savings. Customers that volunteer to participate will receive direct credits for the savings on their monthly bills. The program is designed to also contribute a portion of the savings to all customers, which will help keep fuel costs low for everyone.

The first six solar plants, which will each have a capacity of 74.5 MW, are scheduled to be operational early next year. The remaining 14 solar facilities are planned for 2021.

The president and CEO of FPL stated, "We've been aggressively expanding solar with one goal in mind: bringing more solar to all of our customers cost-effectively while continuing to keep their bills lower than 90 percent of the country. This innovative program is another major step forward in our '30-by-30' plan, which is one of the world's largest solar expansions, and also an unprecedented opportunity for our customers to harness the power of the sun like never before."

FPL states that they have designed FPL SolarTogether to provide customers flexibility. Participants in the program will not be required to commit to a long-term contract and can terminate or reduce their subscription at any time. In addition, because the subscription is associated with a customer account and not a physical address, program participants who move within FPL's service area can maintain their subscription benefits. FPL expects program participants to achieve a simple payback on their subscription within seven years.

FPL has also been working with its largest energy users. According to FPL, more than 200 of their largest energy users - including municipalities, large national retail chains, universities, banks, restaurants and schools - have committed to participate, providing the foundation for such a large program.
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