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Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

Relicensing Sought for North Anna, Surry Nukes

LCG, May 31, 2001--Dominion Resources Inc. said yesterday it had filed an application with the Nuclear Regulatory Commission to renew the operating licenses of its two Virginia nuclear power plants for an additional 20 years.

If approved as expected, the license extensions would permit the two 900 megawatt reactors at the North Anna plant near Richmond to operate until 2038 and 2040. The two 800 megawatt reactors at the Surry nuclear power plant near Newport News would be authorized to operate until 2031 and 2033.

The 103 commercial reactors operating in the U.S. were originally granted 40-year operating licenses by the NRC, but an industry-wide improvement in its "nuclear safety culture" and stringent operating and maintenance oversight by the federal agency have most, if not all, running better than ever.

The NRC has set up guidelines for nuclear operators seeking to renew licenses, requiring operators to show a 20-year operating history and to demonstrate that continued operation would not endanger public health or safety or harm the environment.

Because of the low cost of uranium fuel, the nation's nuclear power plants were able to produce power for 1.83 cents per kilowatt-hour in 1999, the most recent year for which figures are available. That is lower than the cost of producing power from coal, and to top it off, nuclear plants now typically operate at around 90 percent of capacity, day in and day out, and even skeptics are coming to realize they do so without emitting any pollutants.

Because of these considerations, industry observers expect operators of nearly all 103 reactors to apply for license extensions.

"It's a pretty high number that we're looking at and that's a good reason to get in line early," saidDominion Resources spokesman Jim Norvelle. He said it would take about two years for the NRC to approve the applications.

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