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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

EdF Eyes Britain's Largest Transmission Net

LCG, Nov. 5, 2001--Electricit de France is considering the purchase of East Anglian Electricity, Britain's biggest regional power distribution network, in a deal that could bring its owner, TXU Corp. of the U.S., between 1.3 billion ($1.9 billion U.S.) and 1.5 billion ($2.2 billion), the Financial Times reported Saturday.

TXU has said it wants to concentrate on its UK electricity retailing interests as well as investing to expand in continental Europe.

The paper noted that EdF already owns jointly with TXU a company that manages the local transmission networks of eastern England and neighboring London Electricity, which it bought for 1.9 billion ($2.78 billion) in 1998.

"EdF, which sells power and gas to (3 million) UK electricity customers, mostly in London and south west England, is a natural candidate to buy the (55,300-mile) long network," the Financial Times said.

EdF's expansion outside of France has been roundly criticized by British, Spanish and German authorities who complain that the French government-run company has been dragging its feet on opening its own territory to foreign investment.

In addition to London Electricity, EdF owns Sweb (South West Electricity Board), which it bought in 1999, and two large English power stations at Sutton Bridge in Lincolnshire and Cottam, Nottinghamshire, which it acquired last year for about 800 million ($1.15 billion).

Any move by EdF to acquire East Anglian would come under investigation by the European Commission, which is currently investigating moves by Spanish and Italian authorities restricting foreign state-owned companies from buying into domestic energy companies.

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