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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

India Makes Utilities Pay Debts

LCG, March 25, 2002-India will make state utilities pay the $8.2 billion owed to the nation's energy companies.

Extensive electricity theft and farm subsidies have left Indian state electricity boards with a expected combined $5 billion loss.

Federal coal and power companies, as well as the railways, all are due money from utilities, and the Indian Power Ministry is taking steps to help utilities pay their debts. Pending cabinet approval, the ministry will issue bonds to utilities and reduce financial assistance to states with bankrupt electricity boards.

Today, as the world's second largest country, India has 100,000 MW capacity, but it plans to have 1 million MW in ten years.

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