Dive Brief:
- Rochester Gas & Electric has reached a deal with Exelon to allow the R.E. Ginna nuclear facility to remain in operation for another three and a half years, RTO Insider reports.
- The proposal, which must be approved by state regulators and FERC, would mean monthly payments of about $17.5 million to the nuclear facility.
- The deal would run through the end of September 2018, but could be extended a year and a half.
Dive Insight:
Both FERC and the New York Public Service Commission must sign off on the deal, but Rochester Gas & Electric has filed an agreement that would keep Exelon's R.E. Ginna nuke operational almost through the end of 2018, with the possibility for extension.
At the PSC's direction, RG&E filed a reliability support service agreement running through Sept. 30, 2018. And as RTO Insider points out, the deal could be extended another 18 months if the utility informs Exelon by January 2017.
R.E. Ginna Nuclear Power Plant LLC is a subsidiary of Constellation Energy Nuclear Group, and the company has said the facility lost approximately $100 million from 2011 to 2013. The 583-MW facility produced 4.6 million MWh last year, but would have been shuttered if a deal had not been reached.
