Thursday, July 3, 2014

PPL nuclear power plant officials detail license transfer plan

July 02. 2014 11:15PM - By Steve Mocarsky for timesleader.com

Officials with PPL Susquehanna — owner of the nuclear power plant near Berwick — made a case Wednesday for transferring the plant’s operating license to a new company it’s forming with an out-of-state energy company.

Officials with the U.S. Nuclear Regulatory Commission, whose approval is needed for a license transfer, hosted the public meeting at NRC offices in Rockville, Maryland, and the public was allowed to participate via conference call as well.

PPL Susquehanna plans to merge with Riverstone Holdings LLC to form Talen Energy Corp, which would be the third largest investor-owned independent power producer in the nation.

NRC’s concerns are making that the new company would have the technical expertise to safely operate a nuclear power plant and would have the financial capabilities to safely decommission the plant when the time comes. PPL Susquehanna’s licenses extend into the 2040s.

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