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NRC Issues Early Site Permit to Tennessee Valley Authority for SMRs at Clinch River Site

LCG, December 27, 2019--The Nuclear Regulatory Commission (NRC) announced on December 17 that the Commission has authorized the issuance of an Early Site Permit (ESP) for Tennessee Valley Authority's (TVA's) Clinch River site near Oak Ridge, Tennessee. The ESP closes several site-related issues, including many environmental impacts, for small modular reactors (SMRs) at the site. The ESP is the first issued by the NRC for SMRs and will be valid for up to 20 years from date of issuance.

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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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Industry News

Constellation Sells Guatemala Power Assets to Duke

LCG, Nov. 9, 2001--Baltimore-based Constellation Energy Group said yesterday that it has sold its Guatemalan power plant operations to a unit of Duke Energy Corp. for an undisclosed sum.

Constellation did say that the sale will result in a fourth quarter after-tax write-down of about $28 million.

Through the sale, Duke has acquired Grupo Generador de Guatemala y Cia., S.C.A., which owns two generating plants at Esquintla and Lake Amatitlan having a combined capacity of 167 megawatts.

"Guatemala is a key component of our regional strategy," said Bruce Williamson, chief executive of Duke Energy Global Markets. "With the proximity of these facilities to our operations in El Salvador, this a logical next step in our expansion in the region."

Constellation said it would put the money to work in its North American merchant energy business.

Tom Brady, a vice president, said "At this point in time, owning energy projects in Latin America does not fit with either of our strategies to be a major player in the merchant energy business in North America or a leader in the energy delivery business in Maryland."

Constellation initially acquired the Grupo Generador operations in 1998 when Guatemala began to privatize its government assets. With this sale, the company's remaining Latin American investments will consist of a controlling interest in a Panamanian electric distribution company and two minor investments in a Bolivian generation company and a Latin American energy fund.

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