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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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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

Utah PSC Authorizes Lake Side Power Project

LCG, November 16, 2004--Utah Public Service Commission authorized PacifiCorp and its regulated affiliate, Utah Power, to proceed with the construction of the 534-MW Lake Side Power Project. The gas-fired project will be located northwest of Provo near Vineyard, Utah and is estimated to cost $330 million.

The Lake Side Power Project will be built by Summit Energy, with a target completion date of 2007. The plant will be owned and operated by PacifiCorp.

In March of this year, the Commission also approved Pacificorp's 525-MW, gas-fired Currant Creek power project, which was estimated to cost $345 million. Both plants are expected to be included in PacifiCorp's ratebase.

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