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FirstEnergy Solutions Files Certification Letter with NRC Affirming Plan to Close Nearly 4,050 MW of Nuclear Generating Facilities

LCG, April 26, 2018--FirstEnergy Solutions (FES), a competitive generation subsidiary of FirstEnergy Corp., yesterday announced that it has filed a Certification Letter with the Nuclear Regulatory Commission (NRC) formally notifying the Commission of its decision to permanently deactivate its nuclear power plants over the next three years, citing "severe economic challenges." When the closures are combined, the reduction will total 4,048 MW of carbon-free, electric generating capacity. In 2017, the nuclear units contributed approximately 65 percent of the electricity produced by the FES generating fleet.

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Alliant Energy to Install More Wind Farms in Iowa

LCG, April 19, 2018--Alliant Energy's Iowa utility subsidiary, Interstate Power and Light Company (IPL), received approval to increase its wind expansion program from the Iowa Utilities Board (IUB). Through this expansion, combined with existing wind farms and market purchases, the company expects wind to provide approximately one-third of its total electric generating capacity in Iowa by the end of 2020.

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Industry News

PNM Completes Shut Down of Units 2 and 3 at the San Juan Generating Station

LCG, December 21, 2017--PNM Resources' New Mexico utility, Public Service Co. of New Mexico (PNM), has completed the shutdown of two of the four units of its San Juan Generating Station (SHGS) near Farmington, New Mexico. Crews will now begin the process of cleaning out the units and completing other procedures to permanently retire the units. PNM's agreement with the U.S. Environmental Protection Agency (EPA) mandates that the units be completely out of service by December 31, 2017.

The SJGS had a net generating capacity of 1,683 MW, and the retirement of Units 2 and 3 will cause a reduction in plant capacity of 836 MW, or about half of the plant capacity. Unit 2 came online when the plant opened in 1973 and is the oldest unit at the power plant. Unit 3 began operation in 1979. PNM plans to replace that loss in generation with a diverse mix of increased renewable energy, existing nuclear power and natural gas generation.

The retirement of the two units is part of the Revised State Implementation Plan (Revised SIP), which resulted from an agreement among the New Mexico Environment Department, the EPA and PNM. Retiring the units is necessary for SJGS to comply with federal visibility regulations under the Clean Air Act. Retiring the two units reduces the plant's emissions, including carbon dioxide, as well as its use of coal and water, by approximately 50 percent.

PNM Resources' President, Chairman and CEO stated, "This agreement is the result of a strong collaboration among many parties, each of whom worked to find a solution in the best interests of New Mexicans. As we look ahead, there will be more challenges to face and tough decisions to make. The best way to achieve our shared vision of a clean, sustainable energy future will be to continue to work together."

In August 2015, PNM filed with the New Mexico Public Regulation Commission (NMPRC) a settlement agreement regarding the plan to retire two coal-fired units at SJGS. The agreement modified the original Stipulation filed in October 2014.
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