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

El Paso Corp Allowed to Question FERC's Subpoena

LCG, January 23, 2003-The El Paso Corporation, currently in court because of alleged energy market manipulation, has been allowed to question the Federal Energy Regulatory Commission's subpoena demanding the release of trading documents.

FERC Administrative Law Judge Peter Young ordered that El Paso's arguments be heard next week Tuesday.

Californian officials are still searching for the ultimate cause of California's inflated power prices of 2000 and 2001. A number of energy producers and traders have participated in suspect trading behavior and some have compensated the state or rewritten energy contracts with the state, but as yet California has not found any solution to its enormous budget deficit, of which much is attributed to the cost of electricity.

El Paso received a subpoena for the release of natural gas price information initially provided to industry publications. California wants recordings of El Paso employee phone calls, but El Paso has said the calls referred to natural gas transport in other locations outside of California.

El Paso has already stated that some of its employees yielded false data for publication but insisted that those people were no longer employees.

California alleges that the state paid $3.3 billion too much for natural gas because El Paso limited natural gas supply, essential to fueling a significant number of the power plants in the region. El Paso is not responsible for the sale of gas but controls the flow of gas across the country and allots pipeline space to those who sell gas. California insists that the pipeline shipments were limited to 79 percent of pipeline capacity during the height of the crisis, from November 2000 through March 2001.

California officials have 100 days to compile evidence regarding improper market behavior.

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