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

Pattern Energy Announces Completion of 200-MW Wind Project in Texas

LCG, September 29, 2015-Pattern Energy yesterday announced that it has completed construction of the 200-MW wind project, Logan's Gap Wind facility, located in Texas. The project is fully operational, and Walmart has a 10-year power purchase agreement (PPA) to buy 58 percent of the expected output from the facility. Pattern Energy has an owned interest of 164 MW in the facility, and four institutional tax equity investors have acquired the balance.

The Logan's Gap Wind facility is located on a 24,000 acre site in Comanche County and includes 87 Siemens 2.3 MW wind turbines. Construction at the site began in late 2014. The wind farm is located in ERCOT's North Zone and is connected to Oncor's 138kV ComancheZephyr line that crosses the site and delivers power to the Dallas-Fort Worth load center.

The CEO of Pattern Energy stated, "Logan's Gap Wind is our fourth operational wind power facility in Texas and we are now serving three different regions throughout the state. We continue to bring new facilities online both on time and on budget, demonstrating our ability to execute on our growth strategy. We are pleased to be working with one of the leading corporations in the world as it acquires renewable energy and lowers its carbon footprint. We are increasingly partnering with America's leading companies as they recognize that wind power, which continues to decline in cost, is both good for the environment and good for business."

Pattern Energy acquired the project from Pattern Energy Group LP (Pattern Development) in December 2014. The Pattern Energy Group acquired the project from Pioneer Green Energy earlier in 2014. Pattern Energy has rights of first offer to Pattern Development's entire project development pipeline, which totals more than 5,900 MW.

Walmart and a financial institution will purchase 75 percent of the energy produced by the facility; Walmart will purchase 58 percent under a 10-year PPA, and a financial institution will purchase seventeen percent of the expected output under a 13-year fixed price agreement. The remaining 25 percent of expected output will be sold at ERCOT spot market prices.

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