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FERC Issues Approval for Plains & Eastern Clean Line Transmission Rate Proposal

LCG, August 20, 2014-The Federal Energy Regulatory Commission (FERC) issued an order late last week that conditionally authorized the Plains and Eastern Clean Line LLC and Plains and Eastern Clean Line Oklahoma LLC (jointly, Plains and Eastern) to charge negotiated rates for transmission rights on the proposed high-voltage direct current (HVDC) merchant transmission project. The order also grants Plains and Eastern?s request for waiver of certain FERC requirements.

Kemper County IGCC Project Achieves Commercial Operation of Combined Cycle Unit

LCG, August 18, 2014-Mississippi Power, a subsidiary of Southern Company, announced yesterday that Mississippi Power's Kemper County IGCC (Integrated Gasification Combined Cycle) combined cycle unit has been placed into commercial operation and is now available to serve Mississippi Power customers' energy needs during the remaining summer months.

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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