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

Panda Power Funds Breaks Ground on Marcellus Shale-Gas Power Plant in Pennsylvania

LCG, August 13, 2014-The ground breaking ceremony for Panda Power Funds' combined-cycle power project occurred yesterday in Lycoming County, Pennsylvania. The Panda Patriot Power Project is a natural gas-fired, 829-MW project that is strategically sited in the Marcellus Shale formation, one of the largest natural gas fields in the world. The project is scheduled to enter commercial operations in mid-2016.

The Panda Patriot Power Project will deliver electricity into the eastern area of the PJM Interconnection, offsetting in part planned retirements of coal-fired electric generating units in the region.

The Panda Patriot Power Project is located on an 85-acre site, approximately 60 miles north of Harrisburg. Siemens Energy Inc. will provide the power island package, including the H-class gas turbines, steam turbines, generators, heat recovery steam generators (HRSGs), and instrument and control systems. The project includes an air cooling system, rather than water, to avoid the need to discharge water into the Western Branch of the Susquehanna River and the potential impacts to sensitive species in the Susquehanna watershed.

Panda Power Funds is also using Siemens power island packages at two new 758-MW, combined cycle sites in Texas: Panda Sherman and Panda Temple I, which are scheduled to begin operations this year. Furthermore, Panda Power plans to complete another combined cycle block, Temple II in Texas, which is scheduled to begin operations in 2015.
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