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

Southern Power Expands Its Renewable Portfolio with Wind Project Acquisition in Oklahoma

LCG, September 10, 2015-Southern Company subsidiary Southern Power yesterday announced an agreement to acquire the 151-MW Grant Wind facility in Oklahoma from Apex Clean Energy. The acquisition is expected to close in March 2016, when project construction is scheduled for completion.

Apex Clean Energy is managing the construction of the Grant Wind project, which began last month. The project plans include 66 wind turbines manufactured by Siemens. Apex will operate and maintain the facility once it achieves commercial operation.

Southern will sell the energy and associated renewable energy credits (RECs) generated by the Grant Wind project to Western Farmers Electric Cooperative, East Texas Electric Cooperative and Northeast Texas Electric Cooperative under 20-year power purchase agreements (PPAs). Each company has contracted for approximately 50 MW and will have the option to either keep or sell the RECs.

Southern Company Chairman, President and CEO stated, "Southern Company is committed to the full portfolio and this project is an important step in further expanding our fuel mix. Our second wind project and one of Southern Power's more than 20 renewable projects across America, the Grant Wind facility is a smart investment that expands our company's presence in a region with exceptional wind resources."

Last March Southern Power announced an agreement to acquire its first wind project, the 299-MW Kay Wind facility in Oklahoma. This acquisition is also from Apex Clean Energy, and the deal is expected to close in the fourth quarter of 2015.

Southern Power's renewable energy capacity is growing rapidly and, with the Grant Wind acquisition, is expected to exceed 1,600 MW, including 21 solar, wind and biomass facilities either announced, acquired or under construction.
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