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

Kansai Electric in U.S. Merchant Power Venture

LCG, Aug. 29, 2000--Kansai Electric Power Co., Japans second-largest electric utility, said this morning that will enter the U.S. merchant power market in a joint venture with the American investment bank Morgan Stanley Dean Witter.

The joint venture will cost between $50 million and $100 million to establish and will be owned equally by the two firms. It will be named Naniwa Energy.

The Osaka-based Kansai said it will send to the U.S. six gas turbines currently being used as peaking units in western Japan. Kansai said it would sell the units, which have a total capacity of 360 megawatts, to Naniwa for an undisclosed amount.

Naniwa expects to begin producing power in the U.S. by next June and will also trade electricity on the U.S. market through a new unit, Kansai said.

Japans electric industry is in the early stages of restructuring. In the latest move, independent power producers were allowed in March to begin selling power to industrial and commercial customers on bilateral contracts.

A Kansai official said operating the generating units in the U.S. and trading on the American power market will give his company first-hand experience in a deregulated electric industry.

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