NRC approves nuclear power plant ownership transfer

 NRC approves nuclear power plant ownership transfer

Caption: Susquehanna nuclear power plant

The U.S. Nuclear Regulatory Commission (NRC) approved a request to transfer ownership of a nuclear power plant in Pennsylvania.
 
Commissioners approved PPL Susquehanna’s request for indirect transfer of control of the operating licenses for units 1 and 2 of the Susquehanna nuclear power plant. The request is in line with its request to spin off its competitive energy supply business and combine it with competitive generation assets owned by RJS Power Holdings LLC, an affiliate of Riverstone Holdings LLC, to form a new independent power company, Talen Energy Corp.
 
The NRC reviewed the proposal and determined that the transfer would not adversely affect the technical or financial qualifications to operate the plant, or the assurance of funding for eventual decommissioning of the plant, and will not result in foreign ownership or control of the plant.
 
When the deal is completed, the name of the company holding the plant licenses will change from PPL Susquehanna LLC to Susquehanna Nuclear LLC, but the owner will not change. Susquehanna Nuclear will operate the plant, which will be jointly owned by Susquehanna Nuclear and Allegheny Electric Cooperative. The Federal Energy Regulatory Commission (FERC) and the Pennsylvania Public Utility Commission both approved filings related to the spinoff.

Subscribe to Nuclear Power International magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...