Comanche Peak plant makes technical ownership changes

 The Nuclear Regulatory Commission (NRC) has approved some technical changes affecting the ownership for the two-unit Comanche Peak nuclear power plant in Texas according to a March 5 Federal Register notice.

Luminant Generation Co. LLC is currently the license holder for Comanche Peak Units 1 and 2 in Somervell County, Texas.

Luminant parent Energy Future Holdings (EFH) is planning to convert another related subsidiary, Energy Future Competitive Holdings (EFCH), from a Texas corporation into a Delaware corporation.

Following the conversion, EFCH will remain a wholly owned subsidiary of EFH, and EFH will retain the same assets, liabilities, owners, board of directors, and management. There will be no change of control of EFH, EFCH, or Luminant as a result of this internal restructuring, according to the notice.

“We can confirm that the licenses are not being transferred,” a company spokesperson said late March 5.

NRC said in the notice that it received no opposing feedback when the proposal was posted previously in the Federal Register.

As part of the internal restructuring, Luminant Holding LLC would increase its “support agreement” for Luminant Power from $250m to $300m. That’s supposed to be equal to roughly one year’s projected operation and maintenance expense for the nuclear station.

The two Comanche Peak units are pressurized water reactors (PWRs) and each has a generating capacity of roughly 1,200 MW.

A few years ago Luminant filed a combined construction and operating license (COL) application to eventually build Units 3 and 4 at Comanche Peak. The review process is continuing at NRC.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.