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NRC Issues Early Site Permit to Tennessee Valley Authority for SMRs at Clinch River Site

LCG, December 27, 2019--The Nuclear Regulatory Commission (NRC) announced on December 17 that the Commission has authorized the issuance of an Early Site Permit (ESP) for Tennessee Valley Authority's (TVA's) Clinch River site near Oak Ridge, Tennessee. The ESP closes several site-related issues, including many environmental impacts, for small modular reactors (SMRs) at the site. The ESP is the first issued by the NRC for SMRs and will be valid for up to 20 years from date of issuance.

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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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Industry News

AEP Explores Sale of Unregulated Generation Assets

LCG, January 7, 2015--American Electric Power Company Inc. (AEP) has retained Goldman Sachs to explore the sale of AEP's unregulated generation assets. The apparent focus is on assets located in Ohio, where the generation portfolio totals nearly 8,000 MW of electric generating capacity, with an order of magnitude sale price greater than $3 billion. AEP's combined regulated and unregulated generation portfolio includes over 60 generating stations in the United States, with a capacity of nearly 38,000 MW.

AEP Generation Resources Inc., AEP's unregulated generation company, owns and/or operates a number of power plants operating within PJM (the regional transmission organization). AEP's unregulated plants in Ohio and Indiana include: all or portions of (i) three coal-fired facilities (Gavin Plant, Cardinal Plant (Unit 1) and the Conesville Plant (portion of Unit 4, and Units 5 and 6)) and (ii) two natural gas-fired plants (Waterford and the Darby Plant). AEP also has a non-operating interest in two coal-fired units, the Zimmer and Stuart Plants, plus an interest in the gas-fired Lawrenceburg Plant.

An AEP spokesperson stated, "No decision has been made about the future of those assets. There is no specific timeline for a decision."
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