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Xcel Energy, EVRAZ North America and Lightsource BP Announce 250-MW Solar Project in Colorado

LCG, October 1, 2019--Xcel Energy, EVRAZ North America and Lightsource BP announced Friday that they have reached a long-term agreement to develop a 240-MW solar facility in Colorado. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement (PPA). The project will be built on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country.

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Duke Energy Plans to Pursue Second Nuclear Operating License Renewals for Nuclear Fleet

LCG, September 20, 2019--Duke Energy announced yesterday that it will seek to renew the operating licenses of the 11 reactors it operates at six nuclear stations in the Carolinas for an additional 20 years. The company plans to submit the license renewal application for Oconee Nuclear Station in 2021, followed by its other nuclear stations.

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Industry News

Florida PSC Approves Cost Recovery for New Nuclear Reactors

LCG, October 25, 2011--The Florida Public Service Commission (PSC) yesterday approved cost recovery for construction of nuclear reactors and additions to existing nuclear plants for Progress Energy Florida (PEF) and Florida Power & Light Company (FPL). The PSC approval of over $280 million provides for the utilities to begin recovering some nuclear project costs during the lengthy construction process in order to reduce financing costs.

For PEF, the PSC approved $85,951,036 cost recovery associated with construction of Levy Units 1 and 2, two, 1,100-MW nuclear reactors, plus capacity increases at its existing nuclear facility at Crystal River. When completed, these projects will add approximately 2,380 MW of new nuclear base load generation to PEF's system. The PSC states that the decision will saves PEF customers $500,000 in Project Management Costs for adding capacity to Crystal River Unit 3. The decision incorporates a stipulation that resolves whether PEF prudently managed its Unit 3 uprate license agreement.

The PSC approved $196,088,824 of cost recovery for FPL associated with (i) construction of Turkey Point Units 6 and 7 and (ii) adding capacity to existing Turkey Point Units 3 and 4 and St. Lucie Units 1 and 2. In total, FPL's projects will add over 2,600 MW of nuclear capacity. When combined with the PEF projects, Florida will gain about 5,000 MW of carbon-free, nuclear power when these plants commence commercial operations.
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