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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

Allete? That’s Minnesota Power’s New Moniker; Meantime, Precision Power Became Xcelecom

LCG, Aug. 9, 2000--The search for "brand names" by U.S. electric companies continues, and so far no one has found the magic word that will stick in Americas consciousness the way Ford, Chevrolet, Edison, Westinghouse, Dow or DuPont have.

Yesterday, Minnesota Power Co. announced with enthusiasm that beginning September 1 it will go by the alias "Allete," though its electricity customers will still make out their checks to Minnesota Power. The company lamely explained that the new name combines "all" and "elite." If thats the case, why didnt it come out "Allite?"

Ed Russell, Minnesota Powers chairman, said "We wanted to be both all-inclusive and recognized for striving to be the best." The all-inclusive part is a problem. Minnesota Power is very big in the used car auction business in the U.S. and Canada and recently bought some water properties in Florida.

Hes hoping that "Allete" will strike in the public the same sort of chord as do General Electric, United Airlines, Ivory Soap, Safeway and even the Atcheson, Topeka and Santa Fe Railroad Co.

Minnesota Power wasnt alone in this search yesterday. Precision Power Inc., a non-regulated affiliate of United Illuminating Co., New Haven, Conn. electric utility, said its name had been changed to "Xcelecom." It likes the "com" part so much that it will have a Website named Xcelecom.com.

Dennis Dugan, the companys president, said "We felt our name needed to more broadly reflect our capabilities, strategy and objectives as we move forward and continue building the company."

Precision Power wont disappear. It will continue to be a non-regulated electric service provider in New Haven, but the company wants to get into all kinds of telecommunications businesses and has recently made some acquisitions, including The Data Store in New Jersey and an electrical contractor in Pennsylvania.

The thing about successful company names is, they usually tell you the "who" or the "what" and sometimes both.

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