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NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

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Emera to Sell Three Combined-Cycle Power Plants in New England

LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.

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Industry News

Duke's Harris Nuclear Plant Shut Down for Repairs

LCG, May 17, 2013--Duke Energy removed the Harris Nuclear Plant from service Wednesday evening after indications of a flaw in the metal of the reactor vessel head were discovered. The Nuclear Regulatory Commission (NRC) stated on May 15 that evaluations showed a 0.26-inch flaw that exhibited characteristics of primary water stress corrosion cracking.

"There is no evidence of any leakage" from the reactor, said a Duke spokesperson. She stated Duke has adequate capacity from other electric generating facilities to satisfy current customer demand. Duke stated that it expects to complete the repair and have the unit back online within a matter of weeks and that the Harris unit had been operating for 342 days since its last refueling outage in the spring of 2012.

The Harris Nuclear Plant is located about 25 miles southwest of Raleigh, North Carolina and includes one, 900-MW reactor that was commissioned in 1987. The plant was owned and operated by Progress Energy prior to its merger with Duke Energy last year.

Duke announced earlier this month that it notified the NRC that it plans to suspend its combined construction and operating license (COL) application to build two additional nuclear units at the Harris site.
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