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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

FERC to Conduct a New Standard Market Study

LCG, January 14, 2003The Federal Energy Regulatory Commission has agreed to take a second look at the implications of a standardized energy market, after some states voiced their concern over FERCs plans to create a set of rules for wholesale energy markets.

FERC suggested a new framework regarding the countrys electricity market last July, but some states have been worried over the transfer of authority from states to the federal government. Some members of the Congress have asserted that FERC plans to take power from state public utility agencies.

Energy officials from some 15 states have publicly voiced apprehension over FERCs plans, noting that consumers in Southern and Western states may have to pay more for power if the electricity market follows the proposed rules. Some industrial companies, who purchase and consume large amounts of electricity, worry that they will have to pay an unfair proportion of charges for transmission improvements.

The state of Louisiana requested that FERC scrap its market plans, while some industry groups have asked for looser guidelines.

Due to increased pressure, FERC has agreed to reassess its 2004 market design plans and delay the implementation of them. The main body of the plans addresses transmission issues, endeavoring to smooth out the energy market between states. The plans also include real-time trading and some measures to prevent gaming.

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