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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

Dominion's Cove Point LNG Export Project Achieves Production Milestone

LCG, February 1, 2018--Dominion Energy Cove Point (DECP) announced yesterday that it has begun producing liquefied natural gas (LNG) with its newly constructed liquefaction facility undergoing commissioning in Lusby, Maryland. All major equipment has been operated and is being commissioned following a comprehensive round of testing and quality assurance activities. The facility is expected to enter commercial service in early March.

Shell NA LNG is providing the natural gas needed for liquefaction during the commissioning process and will off-take by ship the LNG that is produced.

Once commissioning is complete, DECP will produce LNG for ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, and for GGULL, the U.S. affiliate of GAIL (India) LTD under 20-year take-or-pay contracts. DECP's liquefaction facility has a nameplate capacity of 5.25 mtpa of LNG.

Dominion Energy Cove Point Terminal is located on the Chesapeake Bay in Lusby, Maryland, south of Baltimore, where it is accessible to transport vessels to export (or import) LNG. The location also has pipeline access to many natural gas supplies, including the Marcellus and Utica shale plays, which are two of the largest natural gas basins in North America.

Construction of the liquefaction facility for export began in October 2014, following more than three years of federal, state and local permit reviews and approvals. With a cost of $4 billion, it is the largest construction project ever thus far for Maryland and for Dominion Energy.

Cove Point was originally built in the 1970's by Consolidated Natural Gas Company, parent of what is now Dominion Energy Transmission, and they partnered with the Columbia Gas System to receive, store and process supplies of LNG from tankers.
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