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

Dominion Reviving Maryland-based LNG Terminal

LCG, July 22, 2003--The Cove Point liquid natural gas terminal in Maryland is being brought back into operation by Dominion Resources Inc., which is also considering expanding LNG operations to serve the "interstate pipeline grid," the company announced.

The terminal was shut in 1980, when LNG prices were prohibitively low. Dominion purchased the Cove Point facility from williams Cos. for $217 million last year, and has also spent $180 million to resuscitate it. Long-term agreements with BP Plc, Royal Dutch/Shell Group and Statoil ASA of Norway, which ship LNG, have been signed.

Cove Point is equipped with berths to convert frozen natural gas, stored 270 degrees Fahrenheit below zero, back into gaseous form from two tanker ships simultaneously. The LNG expands in volume by 600 times. The facility can release 1 billion cubic feet of gas daily, and can keep what amounts to 5 billion cubic feet of gas on-site. Plans are under consideration to add another tank, which would be able to hold LNG equivalent to 2.5 billion cubic feet of gas.
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