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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

Southern Announces PPA with Progress for New Unit

LCG, July 6, 2006--Southern Company announced yesterday that it has executed a long-term purchase power agreement (PPA) with Progress Ventures, the non-regulated subsidiary of Progress Energy. The agreement calls for Southern to provide approximately 621 MW of wholesale electricity to Progress Ventures from 2009 through 2015.

The electricity is to be generated by a new, combined-cycle power unit to be built at Plant Franklin, located in Smiths, Alabama. The existing plant includes two, gas-fired, combined-cycle units. Unit 1 was placed into commercial service in 2002, and Unit 2 began delivering power in 2003. Construction on Unit 3 had been underway but was suspended in August 2004 pending a long-term power purchase agreement. With the new agreement, Unit 3 is now scheduled to commence commercial operations by the fourth quarter of 2008.

Plant Franklin is owned by Southern's unregulated subsidiary, Southern Power, which has cost-based contracts with other Southern affiliates, Alabama Power and Georgia Power, for operations and maintenance services at Southern Power facilities.
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