FERC Accepts Application for 2,200-MW Navajo Energy Storage Station

LCG, January 24, 2020--Daybreak Power Inc. recently announced that the Federal Energy Regulatory Commission (FERC) has accepted the company's application for a preliminary permit for its proposed 2,200-MW Navajo Energy Storage Station (NESS). Achieving this milestone is an important, early step towards approving the project, which is estimated to cost $3.6 billion. The pumped storage hydro system would be located at the U.S. Bureau of Reclamation's (Reclamation) Lake Powell Reservoir on the Colorado River in Arizona.

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NRC Issues Early Site Permit to Tennessee Valley Authority for SMRs at Clinch River Site

LCG, December 27, 2019--The Nuclear Regulatory Commission (NRC) announced on December 17 that the Commission has authorized the issuance of an Early Site Permit (ESP) for Tennessee Valley Authority's (TVA's) Clinch River site near Oak Ridge, Tennessee. The ESP closes several site-related issues, including many environmental impacts, for small modular reactors (SMRs) at the site. The ESP is the first issued by the NRC for SMRs and will be valid for up to 20 years from date of issuance.

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Industry News

Indian Government to Mediate Enron-Maharashtra Dispute

LCG, May 24, 2001The Indian federal government said this morning in an official statement that it would mediate the dispute between Enron Corp.'s Dabhol Power Co. project and the state of Maharashtra and its state electricity board.

Enron, which owns 65 percent of Dabhol, and the Maharashtra State Electricity Board have been at loggerheads almost since the 740 megawatt first phase of the Dabhol project began producing power. The MSEB has persistently delayed paying for power taken from the plant and has forced Enron to invoke Maharashtra state guarantees and, when those have failed, to invoke the sovereign guarantees of the Indian federal government.

In the mid-1990s, the MSEB signed contracts to purchase at agreed-upon prices the entire output of Dabhol, but now, with the 1,444 megawatt second phase ready to begin commercial operation next month, the state-run power company says it no longer needs the power and wants to pay less than the agreed-upon price for what power it does buy.

Last week, Dabhol issue a preliminary notice of termination of its contract with the MSEB, a move seen as the first step in Enron abandoning India altogether. Because Dabhol is the largest single foreign investment in India, its failure could severely tarnish India's reputation as a safe place for investment.

In New Delhi, the Indian government said in its statement "The government of India will assist in the implementation of any agreed proposals, which have the support of the concerned parties," adding that "The government of India is of the view that a quick settlement of the dispute is essential for the power sector of Maharashtra."

Settlement of the dispute on terms that will not damage Enron is also essential to future foreign investment in India.

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