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

Allegheny Energy Reduces Outlays

LCG, July 8, 2002--Allegheny Energy is scaling back its power generation development activity, and will reduce its payroll by 10 percent, with most reductions to take place by the end of the year.

The company, which has customers in Maryland, Ohio, Pennsylvania, Virginia and West Virginia, will not construct a new plant in La Paz, Ariz., as was planned. Additionally, an 88-megawatt plant that was to be built in St. Joseph, Ind. will not proceed. Job reductions will number about 600 including early retirements.

The company's chairman, Allen J. Noia, commented on the need to respond with "prudent and decisive actions" in the face of lower-than-expected wholesale energy prices, low weather-related demand, and the substantial decrease in energy trading, to which the company made substantial commitments in 2001.
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