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TVA Requests Issuance of License for Watts Bar Unit 2

LCG, August 20, 2015-The Tennessee Valley Authority (TVA) submitted documentation to the Nuclear Regulatory Commission (NRC) notifying them that construction of the Watts Bar Unit 2 nuclear reactor, located approximately 50 miles northeast of Chattanooga, Tennessee, is substantially complete.

PNM Files Modified Agreement for San Juan Coal Plant

LCG, August 19, 2015-PNM Resources' New Mexico utility, Public Service Co. of New Mexico (PNM), filed on August 13 with the New Mexico Public Regulation Commission (NMPRC) a settlement agreement (Agreement) regarding the plan to retire two coal-fired units at San Juan Generating Station (SJGS). The Agreement modifies the original Stipulation filed in October 2014 and requires approval by the NMPRC.

Industry News

Cost Estimate Up for Duke's New Nuclear Power Station

LCG, November 5, 2008--Duke Energy Carolinas informed the North Carolina Utilities Commission that the estimated cost to build the proposed William States Lee, III Nuclear Station in South Carolina has risen to $11 billion, or approximately double the original estimate, excluding financing. The new power plant is scheduled to be operational in 2018 in order to meet Duke Energy Carolina's forecast growth in electric demands.

Duke proposes to install two 1,117-MW reactors and to use Westinghouse Electric's AP1000 design, which incorporates passive safety features. The Nuclear Regulatory Commission (NRC) approved the Design Certification on December 30, 2005.

Last February Duke received notification from the NRC that the combined construction and operating license (COL) application for Lee Nuclear Station submitted December 2007 was accepted and docketed.

Duke's COL application relies upon the COL application to build two nuclear reactors at TVA's Bellefonte site in northern Alabama that was submitted October 31, 2007 to the NRC by the Tennessee Valley Authority (TVA) and NuStart Energy, a consortium of nuclear energy companies that includes Duke.

Other companies that have announced the selection of the AP1000 design as the basis for additional COL applications to construct reactors include Progress Energy, Southern Company, SCANA and Santee Cooper.

Duke's proposal is relatively unique for the United States in that Duke plans to build the reactors at a greenfield site, rather than to add capacity at an existing nuclear power station. The greenfield site is located in Cherokee County, South Carolina.



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