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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

FERC Rulemaking on Intra-Company Communications Criticized

LCG, Apr. 14, 2003--The Federal Energy Regulatory Commission (FERC) has received a joint letter from three large energy trade groups that expresses concerns about a proposed set of standards that would govern the kinds of communications that are allowed between subsidiaries and top corporate executives.

The standards extend to communications by employees in entities not traditionally regulated by the agency, such as transmission schedulers, and those who trade physical gas, electric power or energy derivatives. The FERC's proposal arose about a year and a half ago, and was intended to deter discrimination against non-affiliates of companies that are engaged in different parts of the energy markets. The trade groups that produced the letter are the American Gas Association, the Interstate Natural Gas Association of American and the Edison Electric Institute.

"Under the proposed definition of 'energy affiliate,' communications of transmission information for corporate governance purposes from a transmission provider subsidiary to senior management of the subsidiary's parent would be communications to an 'energy affiliate' that are restricted by the proposed rule," the filing of April 7 stated. They groups noted that while they are in accordance with the non-discriminatory aim of the proposed standards, the restriction on communication would be strongly contradictory to provisions of the Sarbanes-Oxley Act, which was passed in 2002 in response to the emergence of corporate scandals, particularly at Enron. Sarbanes-Oxley requires that the financial status of subsidiaries be fully understood by management.

The letter also requested a technical conference to examine how communications could be less restricted by FERC, with the rulemaking pending under FERC docket RM01-10.
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