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

Lawmakers Roll Back San Diego Electric Rates

LCG, Sept. 1, 2000California Gov. Gray Davis is expected to sign emergency legislation passed Wednesday evening that will roll back electricity rates in San Diego where customer bills have doubled in the past three months.

The legislation, passed on Tuesday by the state Senate, cleared the Assembly late Wednesday as lawmakers scrambled to clear their agenda in order to begin their vacations today. The measure was sponsored by two San Diego Democrats, Dede Alpert in the Senate and Susan Davis in the Assembly.

The bill caps the generation portion of electric service at 6.5 cents per kilowatt-hour and would be retroactive to June 1. The only utility affected by the legislation is San Diego Gas & Electricity Co., whose customers became subject to market prices when the company paid off its stranded costs and no longer fell under a rate freeze imposed by the California electric restructuring law.

Rates for customers of Pacific Gas & Electric Co. and Southern California Edison Co., the state's other two investor-owned electric utilities, remain frozen.

SDG&E spokesman Doug Kline pointed out that the utility, having sold its power plants, had to buy power to serve its customers and simply passed the cost along to customers without making a profit. He said absorbing the difference between 6.5 cents and the market price could cost the utility $726 million by the end of 2002, when the rate cap would expire.

" It is a well intentioned, but seriously flawed bill. It is like ordering a shopkeeper to buy a loaf ofbread for $2 and sell it to customers for 60 cents," Kline said.

He added that the company was urging Davis to veto the bill, but there is faint hope of that. A spokesman in the governor's office, Steven Maviglio, said "If he gets the bill next week I suspect he will sign it sooner rather than later."

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