Subject: Three Mile Island: Three Mile Island Nuclear Generating Station – Unit 1 –Security Decommissioning Inspection Report 05000289/2021401

ADAMS Accession No: ML21179A252
 

Subject:  Braidwood, Byron, Calvert Cliffs, Clinton, Dresden, FitzPatrick, LaSalle, Limerick, Nine Mile, Peach Bottom, Quad Cities, and Ginna - Summary of May 18, 2021, Meeting with Exelon Generation Company, LLC Regarding its Requested Alternative to Eliminate Certain Documentation Requirements for the Replacement of Pressure Retaining Bolting
 
ADAMS Accession No.:  ML21139A185
 
Nuclear Regulatory Commission - News Release
No: 21-021 June 4, 2021
CONTACT: David McIntyre, 301-415-8200
 
NRC Amends Licensing, Inspection, and Annual Fees for FY 2021
 
The Nuclear Regulatory Commission is amending its regulations for the licensing, inspection, special projects, and annual fees it will charge applicants and licensees for FY 2021.
 
The FY 2021 final fee rule, published today in the Federal Register, includes fees required by the Nuclear Energy Innovation and Modernization Act to recover, to the maximum extent practicable, approximately 100 percent of the agency’s total budget authority in FY 2021, less the budget authority for certain excluded activities. NEIMA also established a new cap for the annual fees charged to operating reactor licensees and required three sets of actions related to NRC invoices for service fees. A proposed rule was published for public comment on Feb. 22.
 
The final fee rule reflects a total budget authority of $844.4 million, a decrease of $11.2 million from FY 2020. After accounting for exclusions from the fee-recovery requirement and net billing adjustments, the NRC must recover approximately $708 million in fees in FY 2021. Of this amount, approximately $190.6 million will be recovered under Part 170 fees for service and $517.4 million will be recovered through Part 171 annual fees.
 
Compared to FY 2020, annual fees are decreasing for fuel facilities, non-power production or utilization facilities, 42 materials users fee categories, uranium recovery activities, and for the U.S. Department of Energy Uranium Mill Tailings Radiation Control Act Program. Annual fees are increasing for spent fuel storage/reactor decommissioning activities, operating power reactors, DOE transportation activities, and 11 materials users fee categories. While the operating power reactors’ annual fee is increasing in FY 2021, it does not exceed the cap established by NEIMA. Generally, annual fees are impacted by changes to the budget, fees for services, the number of licensees, the results of the biennial review of fees, and other factors.
 
The FY 2021 final fee rule also includes a change in the hourly rate, affecting licensees and applicants. The NRC has increased the hourly rate from $279 to $288 for FY 2021 and has adjusted license application fees accordingly.
 
The NRC estimates that the FY 2021 annual fees will be paid by the 93 licensees of operating commercial power reactors, four non-power production or utilization facilities, 122 spent nuclear fuel storage and decommissioning reactor facilities, eight fuel cycle facilities, one uranium recovery facility, and approximately 2,500 nuclear materials licensees.
Subject: SUSQUEHANNA STEAM ELECTRIC STATION, UNITS 1 AND 2 – REGULATORY AUDIT PLAN IN SUPPORT OF LICENSE AMENDMENT REQUEST TO REVISE TECHNICAL SPECIFICATIONS TO ADOPT RISKINFORMED COMPLETION TIMES (EPID L-2021-LLA-0062)
 
Exelon's corporate partner seeks to slow down spinoff train

A French utility conglomerate is proving an impediment to Exelon's desire for quick approval of plans to separate its nukes from its regulated utilities.

STEVE DANIELS  -- Crain’s Chicago -- June 09, 2021 01:02 PM UPDATED 3 HOURS AGONT

 
Exelon’s petition to New York state to fast-track review of its proposed spinoff of its nuclear plants and other unregulated businesses has run into opposition from its own corporate partner.

French utility conglomerate EDF, which co-owns three of Exelon’s nukes including two in New York, yesterday filed with state regulators to reject Exelon’s request to approve the separation of its regulated and unregulated businesses without undergoing a normally required full-blown review. EDF said it feared that a nuclear power business without the backing of Exelon’s more financially stable regulated utilities could subject it to unforeseen costs.

 “The proposed spin transaction would result in a transfer of risks to EDF Inc. and to New York’s captive ratepayers,” EDF wrote in its filing before the New York Public Service Commission. “(Exelon’s) petition does not adequately address this transfer of risks. As such, the commission should conduct a full review of the proposed spin transaction.”

Most of the regulatory approvals Exelon needs to separate its two main businesses are at the federal level. New York is the only state of several affected, including Illinois, that also has oversight over this process and whose consent is required. New York’s agreement to curtail review is critical to Exelon’s hoped-for timing of the spinoff, which is late this year or early next.

Details thus far have been scant, however. Exelon in February announced plans to separate the businesses, something investors were clamoring for since regulated utilities are valued far more highly in today’s environment than are power plants subject to market forces. More than three months later, we still don’t know the management and boards of the two companies, how much debt each will carry and other basic information.

EDF wrote that the public interest demands a full-blown review “given that (Exelon) propose(s) an unformed entity of indeterminate financial condition to be the new parent owner of the facilities. The petitioners argue that (Exelon Generation’s) 'financial wherewithal and strength will continue to be strong operating as a direct subsidiary of a new, independent, publicly traded holding company post-transaction,' but they base this almost exclusively on their own projections regarding ExGen’s condition and not that of the yet-to-be-created (spinoff).”

EDF’s motives are complicated, though. It is seeking to exit the partnership in which it holds a 49.99 percent interest in Exelon’s R.E. Ginna and Nine Mile Point nukes in New York, as well as the Calvert Cliffs nuke in Maryland. The two parties are at odds over the valuation of the three nukes, and the process has been slow since EDF sought to cash out in late 2019.

The partnership gives EDF the right to exit and be paid market value for its stake. But if the two sides can’t agree, under the deal, then the dispute goes to an arbitrator. Neither Exelon nor EDF have been willing thus far to roll the dice with a third party.

EDF can use the threat of delay to put pressure on Exelon to increase what it’s willing to pay the conglomerate to go away.

 “We continue to believe that our petition to separate the New York nuclear plants from Exelon meets the New York Public Service Commission’s standard of being in the public interest and we hope to achieve approval by the end of the year,” Exelon said in an email. “At the same time, we are following a contractual process to acquire EDF’s stake in the plants that is expected to conclude in the second half of 2021. The transaction with EDF is a separate matter and should have no bearing on the Commission’s consideration of our plan to separate the generation business.”

EDF in its filing said there’s no guarantee of an agreement with Exelon this year.

New York has been faced with a similar request before. New Orleans-based Entergy proposed more than a decade ago to spin off its substantial nuclear division, which included plants in New York. The state denied the request, scotching the deal.

Since then, New York Gov. Andrew Cuomo has won approval of substantial subsidies to keep open several nukes, including three operated by Exelon. Analysts generally have taken the view that a repeat of the Entergy drama isn’t likely with Exelon’s spinoff.

But, as regulators have proved many times before in complex financial dealings involving energy assets, they are a wild card. EDF’s move may demonstrate there’s more risk in New York to Exelon’s plans than investors previously appreciated.

STATEMENT ON ILLINOIS LEGISLATIVE INACTION

 ON ENERGY LEGISLATION

June 1, 2021

Tick…tick…tick…

Everything in its own time.  Or so the old saying goes.  The Illinois Legislature demonstrated that old maxim once again by failing to vote before the end of Spring session on a critical piece of energy legislation designed to create Illinois’ energy future.

The Planet has its own schedule, too.  The Intergovernmental Panel on Climate Change (IPCC) frantically warned in October 2018 that we humans have at best 10 years left – until 2028 – to totally revamp our energy and economic systems, or risk an irreversible climate crisis that could threaten the very functioning of civilization as we have come to know it.  In this regard it’s important to recall another old maxim:  Nature bats last.

Like the grasshoppers in Aesop’s Fable, we, the Governor, and the Legislature ignore this imminent peril, and instead, content ourselves to “Count the victories,” as House Speaker Chris Welch, D-Hillside, advised yesterday as the clock stroked midnight.  Well, looks like it will now be easier to get to-go cocktails.  Come 2019 and beyond, we will need them, and much more.

In its neglect the Legislature once again failed to act to expand renewable energy and energy efficiency; close down dirty energy plants; protect communities and workers adversely affected by nuclear and coal plant closures; expand job and business equity and just-transitions in communities adversely affected by dirty energy; and most urgently -- address the climate crisis.

Perhaps almost as important, the Governor and the Legislature failed to act to end Exelon’s “Nuclear Hostage Crisis” business model consisting of threatening plant closures and jobs and tax-base loss if they don’t get ratepayer subsidized bailouts to prop up money-losing nuclear plants (and the corporate bottom line).  In other circles making threats to extract financial concessions is less-delicately known as – extortion.

While it appears at least for the moment ratepayers will not be turned into Exelon’s personal ATM through another nuclear bailout, unconfirmed reports tell that Governor Pritzker and his negotiators are still willing to play Exelon’s “Nuclear Hostage Crisis” game, reportedly offering as much as $600 million over 5 years to keep open three (it USED to be only 2) money-losing nuclear plants.  Earlier, the State commissioned an independent audit that determined that Exelon’s two financial dogs only needed ~$70 million per year for 5 years at most, maybe less if energy prices improved.  But – why let facts get in the way?

Such a bailout would ostensibly save the 1,200+ jobs at the Dresden and Byron nuclear plants – at a cost to ratepayers of ~$500,000 per job. (or is it – per vote?) Theoretically, that’s progress.  The 2016 bailout “saved” nuclear plants jobs at the tune of ~$1.5 million per job.

Beyond the immediate failure to launch a desperately needed energy future, it is also important to note that whatever energy legislation would have or still will be passed, many significant nuclear power issues remain unaddressed or totally ignored:  more nuclear waste production; totally absent fiscal oversight of reactor decommissioning funds; maintaining safe operations during future pandemics; the implications of the creation of Exelon’s “SpinCo” corporation consisting of (still money-losing) nuclear reactors. 

At the federal level, regulators at the Nuclear Regulatory Commission (NRC) are contemplating allowing plants to operate for up to 100 years – begging the question that, if these reactors are not profitable now and need bailing out, will this Nuclear Hostage Crisis go on for the next 40-50 years of plant operations, as the reactors age and expensive safety-related repairs are needed?  Who will be asked to pay for these? SpinCo with a gaggle of nuclear LLCs?  (guess again!).

And the Biden Administration is also making plans to allocate as much as $200 BILLION over the next ten years for nuclear power, much of it to create a “zero-emissions credit” (ZECs) fund to bailout out money-losing, uncompetitive nuclear power plants nationwide.  Will Exelon refund any current bailouts if this plan is adopted?

There will be energy legislation.  There must be.  When it is finally taken up, we sincerely hope that these significant issues are at the forefront of detailed, transparent, and public-involving discussion. 

We have a nuclear rhino in the living room, and can no longer dance around her. Stop paying off the nuclear hostage takers. No more nuclear bailouts.  If we want a truly clean-energy future, then build one - NOW.  We won’t get one by bailing out the past.  If we fail to do this, we’ll need a lot more than cocktails to-go.

 
 

--

David A. Kraft, Director
3411 W. Diversey #13
Chicago, IL  60647
(773)342-7650
SKYPE address:  davekhamburg
NEIS is a member of EarthShare Illinois
 
No more Chornobyls!  No more Fukushimas!
Invest  in a nuclear-free world -- today!
SUBJECT: BRAIDWOOD STATION, UNITS 1 AND 2; BYRON STATION, UNIT NOS. 1
AND 2; CALVERT CLIFFS NUCLEAR POWER PLANT, UNITS 1 AND 2;
CLINTON POWER STATION, UNIT NO. 1; DRESDEN NUCLEAR POWER
STATION, UNITS 1, 2, AND 3; JAMES A. FITZPATRICK NUCLEAR POWER
PLANT; LASALLE COUNTY STATION, UNITS 1 AND 2; LIMERICK
GENERATING STATION, UNITS 1 AND 2; NINE MILE POINT NUCLEAR
STATION, UNITS 1 AND 2; PEACH BOTTOM ATOMIC POWER STATION,
UNITS 1, 2, AND 3; QUAD CITIES NUCLEAR POWER STATION, UNITS 1
AND 2; R. E. GINNA NUCLEAR POWER PLANT; SALEM NUCLEAR
GENERATING STATION, UNIT NOS. 1 AND 2; THREE MILE ISLAND
NUCLEAR STATION, UNIT 1; ZION NUCLEAR POWER STATION, UNITS 1
AND 2; AND THE ASSOCIATED INDEPENDENT SPENT FUEL STORAGE
INSTALLATIONS – EXTENSION OF COMMENT PERIOD FOR NOTICE OF
CONSIDERATION OF APPROVAL OF TRANSFER OF LICENSES AND
CONFORMING AMENDMENTS AND OPPORTUNITY TO REQUEST A
HEARING (EPID L-2021-LLM-0000)
 
ADAMS Accession No.: ML21145A014
 
Subject:  2021/05/24 NRR E-mail Capture - Exelon Generation Company, LLC - Request for Additional Information Regarding License Transfer Application (EPID L-2021-LLM-0000)
 
ADAMS Accession No.:  ML21144A213'
 

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