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

Bankrupt NRG's Plants Seen as Important to Reliability

LCG, July 18, 2003--NRG Energy, the bankrupt merchant developer, says that its losses from operating power plants under a supply contract with Connecticut Light & Power amount to $500,000 per day, and that it could have no cash left within less than a month with which to continue running the plants.

In a ruling in June, the Federal Energy Regulatory Commission (FERC) determined that NRG must honor its supply contract, which is scheduled to end at the end of the year. The grid administrator for New England, ISO-NE, has warned that the risks of not having enough power to supply customers in Connecticut would increase substantially during peak periods if capacity goes offline for any reason. NRG Energy has 25 generating units that have a combined potential output of 2,155 megawatts.

According to the New England Independent System Operator, areas throughout its territory would be vulnerable to blackouts in the absence of NRG's resources. It has urged FERC to "take whatever actions are necessary" to see that NRG's plants do not cease to operate.
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