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

Panel Recommends 'Solutions' to Enron's India Problem

LCG, Oct. 1, 2001--A panel set up by the Indian state of Maharashtra has suggested the federal government be willing to spend almost 57 billion rupees ($1.19 billion U.S.) to help save Enron Corp's. Dabhol power project, which has been idle since June, the Business Standard daily paper said today.

The recommendations would cost Dabhol Power Co's. U.S. owners more in cash than it would the Indian government.

The committee was set up earlier this year to review all aspects of the bitter and long-running dispute between Enron, the state of Maharashtra, the Maharashtra State Electricity Board and the Indian central government.

When the MSEB -- Dabhol's only customer -- ceased power purchases earlier this year, the company shut down production at the 740 megawatt First Phase of the 2,184 megawatt power plant and Enron ceased construction on the Second Phase, which was 97 percent complete.

Since Dabhol first began producing power, Enron has been locked in a messy dispute with the MSEB over getting paid, and for several months running was forced to invoke a guarantee by Maharashtra state and a counter-guarantee by the Indian federal government.

Tiring of the brouhaha, Enron said in July that it wants to exit India and would be willing to sell its 65 percent interest in Dabhol for what it has in it. Two other owners, General Electric Co. and Bechtel Enterprises with 10 percent each, indicated they were of similar mind. The MSEB owns the remaining 15 percent.

The Maharashtra panel has recommended that Enron, GE and Bechtel together absorb a loss of 28.35 billion rupees ($590 million), apparently out of the goodness of their hearts, in order that the tariff on Dabhol's power might be reduced to a figure the MSEB considers palatable.

The contribution of the Indian federal government would include 25 billion rupees ($521 million) in cash, waiving customs duties on the import of liquefied natural gas (used to fuel the plant) and cutting import duties on capital goods, the report said.

For its part, Enron wants as little to do with the MSEB, the state of Maharashtra, the Maharashtra electricity regulators and now the Maharashtra review committee as possible. The U.S. company has asked the International Court of Arbitration in London to settle the matter, as provided for in its contracts with India and the state of Maharashtra.

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