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

PSE&G Transfers Generation Assets to Affiliate

LCG, Aug. 22, 2000--Public Service Electric & Gas Co. said yesterday that it has transferred its electric generating facilities to PSEG Power, an unregulated power producing affiliate. The transfer was made in conformance with the companys restructuring order issued by the New Jersey Board of Public Utilities.

The power plants and other assets will be transferred at the price specified in the order, which is $2.443 billion plus $242 million for other generating related assets such as fuel, materials, and supplies.

If a court decision upholding the Boards restructuring and securitization orders regarding PSE&G is modified by an appeal now before the New Jersey Supreme Court, PSE&G and PSEG Power will execute a supplemental agreement to reflect any change in the value of the assets.

PSE&G said the transfer was completed within the year allowed by the Board of Public Utilities.

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