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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

State Senate Passes Bill Capping San Diego Rates

LCG, Aug. 30, 2000The California State Senate yesterday passed a bill that would put a limit on what San Diego Gas & Electric Co. residential and small commercial customers could be charged for electricity.

The measure could reach the Assembly as early as today, but there is a question whether sufficient support for passage in the lower chamber. There is little time for lobbying, as the California Legislature will adjourn tomorrow.
The Senate legislation, caps the generation portion of the electric bill at 6.5 cents per kilowatt-hour. That would make the total bill for the typical householder somewhere around $68. In the past three months, SDG&E's residential customers have seen their total electric bills go from about $55 to around $110.

The soaring bills are the result of deregulation of the state's electric industry but affect only SDG&E customers because their utility has paid off its stranded costs and no longer falls under the rate freeze imposed on all three of the state's investor-owned utilities with the enactment of the California electric restructuring law.

The bill passed yesterday also requires an investigation into the way SDG&E purchases power on behalf of its customers. There is not much to investigate. The state restructuring law mandates that all three utilities purchase all of their power through the state-run California Power Exchange.

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