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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

AES to Buy Second Ukraine Electric Distributor

LCG, May 3, 2001--AES Corp. said this morning that it has won a bid for about $23.2 million to purchase a 75 percent controlling interest in Rivenoblenergo, the electric distribution company that serves the Rivno region of Ukraine, about 125 miles from the capital city of Kiev.

Rivenoblenergo, which serves about 383,000 customers, is one of six distribution companies that are being privatized this spring by the Ukrainian government. The remaining 25 percent of the business is either publicly traded or owned by employees of the company.

AES said completion of the deal is subject to execution of a sale and purchase agreement.

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