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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

Florida PSC Approves Agreement for New Biomass Plant in Florida

LCG, August 17, 2006--The Florida Public Service Commission (PSC) approved on Tuesday a petition for Progress Energy Florida (Progress) to buy energy produced by the Florida Biomass Energy Group, LLC (Florida Biomass) at a proposed 116-MW biomass plant located near Lake Okeechobee. The plant is scheduled to commence operations no later than December 2009.

The Florida PSC recently certified Florida Biomass as a qualifying facility (QF) based on the exclusive use of renewable energy, after start-up, for the proposed electric generation.

The renewable fuel for the proposed plant is a bamboo-like grass known as E-grass. The energy crop would be harvested at the 15,000 acre site and processed into a liquid fuel using a pyrolysis process. The plant will use combustion turbine-combined cycle technology, and the thermal fuel input will include combustible exhaust gases from the pyrolysis process.

When the negotiated contract was compared to a gas-fired, combined cycle alternative, Progress estimated the capacity and energy payments over the 25-year term of the negotiated contract would produce a savings of $39 million net present value to Progress's ratepayers. The majority of such savings are based on fuel costs.

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