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 Wants Indian Government to Help it get Paid

LCG, Oct. 24, 2001--AES Corp. of the U.S. has asked the prime minister of India for his help in getting paid for power it has produced for the state of Orissa on India's east coast.

The dispute is an echo of a similar brouhaha on the west coast of the subcontinent, this one between the state of Maharashtra and Enron Corp.

In a letter to Indian Prime Minister Atal Bihari Vajpayee earlier this month, AES President Dennis W. Bakke said the problem in Orissa had prompted his company to have second thoughts about whether to remain in India.

According to the Associated Press, Bakke told the prime minister that his company has faced "expropriation, repeated contract violations, intimidation ... and direct interference with day-to-day management" by the state government and its agencies. The letter also complained about government-run agencies failing to pay 2.1 billion rupees ($44 million U.S.) in bills.

"If the situation faced by AES is not remedied urgently, it will undermine the trust and confidence of foreign investors in India," Bakke wrote. "While AES still remains committed to India as a country it would very much like to serve, our determination to continue is being tested."
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