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

EU May Finance Two New Ukrainian Nukes

LCG, Sept. 7, 2000--The European Union Commission yesterday approved a financial plan to help fund two new Ukrainian reactors as part of a safety strategy for Eastern European countries using Soviet-designed nuclear power plants.

The two new reactors in Ukraine would replace the last operating reactor at the notorious Chernobyl nuclear plant near Kiev, when it shuts down for good later this year.

The EU plan is expected to cost up to $1.5 billion, and the commission will seek loans from its member states to fund the program. In addition to providing money for decommissioning the four-unit Chernobyl, the plan would fund completion of two other Ukrainian reactors to assure that they meet "internally acceptable levels of safety."

The commission also proposes to provide funds for construction of a nuclear power plant in the Russian city of Kalinin, providing Russia agrees to permanently close at least one Soviet era facility.

The commission said its proposal is contingent upon a contribution from the European Bank of Development and Reconstruction.

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