Skip to main content

FP&L Files Paperwork with Florida PSC on Need for Additional Reactors

By Eric McErlain
From FP&L:
Florida Power & Light Company today proposed making nuclear power a bigger part of Florida’s energy future. In the first step toward building two new nuclear power units at its Turkey Point generating complex, FPL filed its plans with the Florida Public Service Commission.

FPL’s nuclear power expansion proposals, which place the utility at the forefront of new nuclear projects nationwide, are designed to meet its customers’ rapidly growing demand for emission-free electric power and protect Florida’s environment.

“Additional nuclear energy can help supply reliable, affordable power to our customers while avoiding greenhouse gas emissions that scientists have determined contribute to climate change,” said Armando Olivera, FPL’s President. “Nuclear power helps to meet Governor Charlie Crist’s goals for reducing emissions and diversifying our fuel sources.”

Today’s filing, seeking what is called a determination of need by the Public Service Commission (PSC), was the first step in obtaining formal approval from state regulators to construct the two additional units at FPL’s existing Turkey Point nuclear power complex by 2020. This project would add between 2,200 and 3,000 megawatts of emission-free capacity to the company’s generating fleet and would produce enough energy each year to power the needs of over 1 million residential customers.
Thanks to The Fueling Station for the pointer.
Labels:

Comments

Post a Comment

Popular posts from this blog

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more