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

MidAmerica Wind Projects Spurred Forward by PTC

LCG, September 30, 2004--MidAmerica Energy announced its final plans to proceed with two wind farms in Iowa following the approval of the Production Tax Credit by the House and Senate last week. Each wind farm will include 100 wind turbines, for a combined generating capacity of 310 MW.

One wind farm will be located in Buena Vista and Sac Counties. Initial construction efforts have begun, with the installation of the 1.5-MW turbines to be completed by the end of the year. The other wind farm will be located in Wright and Hamilton Counties, and the installation of the turbines is planned for next spring.

The Production Tax Credit, which provides for 1.5 cents for each kilowatt-hour of electricity produced, had expired at the end of last year. When the credit expired, the financial viability of wind projects was significantly reduced, and many projects were put on hold. The new legislation is expected to be signed by President Bush shortly and will extend the tax credit retroactively from January 1, 2004 through December 31, 2005.

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