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


Reliant Energy, Inc. has appointed Mark M. Jacobs executive vice president and chief financial officer of both Reliant Energy and Reliant Resources, Inc. Jacobs will resign from the Reliant Energy position upon the completion of the spin-off of Reliant Resources from Reliant Energy. Steve Naeve, who has served in the Reliant Enery role, will continue as vice chairman of Reliant Energy until the completion of the spin-off. Jacobs has served in an advisory position with Reliant, and has been a managing director of Goldman Sachs & Co.

PSEG Energy Resources & Trading has appointed Thomas P. Weeks Director-Midwest Marketing, making him responsible for developing energy marketing opportunities for PSEG Power's gas-fired cominbed-cycle electric generating facilities under construction in the Midwest. PSEG Energy Resources & Trading is a subsidiary of PSEG Power, the independent power producer. Weeks served as Senior Structured Products Originator and Risk Manager at DTE Energy Trading. He also served at DTE's Detroit Edison Company affiliate, and held the positions of Senior Business Analyst and financial Team Leader.

Ballard Power Systems announced that Dennis Campbell will serve as president and chief operating officer effective July, 22, 2002. Campbell will also become chief executive officer on March 31, 2003, succeeding Firoz Rasul, who will become Executive Chairman of the Board of Directors. Campbell has 30 years of experience in diverse manufacturing enterprises, and joins Ballard from Home Care Industries, where he was president and chief executive officer. He will apply his experience to Ballard's fuel cell and related businesses in the portable, stationary and transportation power markets.
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