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

Alta Wind Energy Center Moving Forward

LCG, March 7, 2007--Alite Wind LLC, a subsidiary of Allco Wind Energy, has ordered 24 MW of the V90-3.0 MW wind turbine from Vestas for installation at the Alta Wind Energy Center, a planned wind farm in Southern California. The turbines are part of the initial phase of a 1,500 MW project and are scheduled to be shipped by Vestas in the third quarter. The initial phase is expected to commence operations in October 2007.

In December 2006, Southern California Edison, signed a 20-year power purchase agreement (PPA) for the electric output from the planned, 1,500 MW wind farm to be built on a 50-square mile area in the Tehachapi area of Southern California. The PPA is with Allco Wind Energy, a division of Allco Finance Group Limited (AFG).

The project is being developed by Alta Innovative Power Co. LLC, a joint venture between Allco Wind Energy and Oak Creek Energy Systems. The project includes 750 turbines and has an estimated cost of $3 billion.

California's renewable energy goals and global warming legislation create a positive regulatory environment for wind developers. However, the PPA will need to be approved by the California Public Utilities Commission. Furthermore, the Commission will need to approve plans to construct a series of new and upgraded high-voltage transmission lines to deliver the power from a remote area to load centers.
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