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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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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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Industry News

AEP Business Unit Split Approved by FERC

LCG, Sep. 27, 2002--American Electric Power Co. (AEP) will seek approval from the Securities and Exchange Commission to separate its regulated and unregulated business units, after the Federal Energy Regulatory Commission allowed the plan, according to the company.

The plan is meant to allow the company to meet requirements under legislation in Ohio and Texas, both states where transmission and generation functions must be separate. AEP said in a press release that having the units as distinct entities would make activities in the separate companies more transparent to investors, and allow each to raise capital more efficiently.

The Securities and Exchange Commission's chairman, E. Linn Draper Jr., said he is "optimistic" about the prospects for approval from his agency, and thinks the proposed move can be finalized by the end of the year.
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