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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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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

Walmart and SunPower Announce Solar Power Agreement

LCG, October 25, 2018--Walmart announced Tuesday that it has reached an agreement with SunPower to install solar photovoltaic (PV) systems at 19 stores and two distribution centers in Illinois. The agreement supports Walmart's goal of supplying its global operations with 50 percent renewable energy by 2025.

Walmart's vice president of energy stated, "Solar is a vital component of Walmart's expanding renewable energy portfolio. Walmart plans to tirelessly pursue renewable energy projects that are right for our customers, our business and the environment. These planned projects with SunPower are moving us in the right direction toward our renewable energy goals."

As a result of the agreement, a mix of rooftop and ground-mount solar systems are expected to be installed and will together account for 23 MW of solar electric generation capacity. Construction is planned to commence in the first half of 2019.

Walmart is financing the solar projects through a power purchase agreement (PPA) arranged by SunPower. Walmart will own the renewable energy credits (RECs) associated with the installations.
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