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

Scottish Power Gets Utah Rate Hike for PacifiCorp

LCG, Feb. 5, 2001Scottish Power Plc, the big British utility that owns PacifiCorp, said this morning that Utah regulators had granted it a $70 million electricity rate increase to compensate for soaring power costs.

The rate hike was solely for increases in the cost of providing power, and does not compensate PacifiCorp for expenses incurred in connection with the breakdown of its 430 megawatt Hunter power plant in Utah, which is costing the utility a million dollars a day.

Scottish Power said it was pursuing rate increases in five other states where PacifiCorp does business. The entire U.S. West is caught in a power shortage, noted Scottish Power Chief Executive-designate Ian Russell who said that the tight wholesale power market was expected to persist for the next year or so until new generating capacity comes online and California adjusts its regulatory structure.

The Utah Public Service Commission also granted Scottish Power the right to use "deferred accounting" for a separate claim it intends to make as a result of the Hunter plant breakdown that occurred last November 24.

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