Energy Future readies for emergence from bankruptcy with Comanche Peak change

The U.S. Nuclear Regulatory Commission will be taking comment on the transfer of the licenses for the Comanche Peak plant in Texas related to the corporate reorganization in bankruptcy of plant owner Energy Future Holdings.

The NRC will in the Feb. 8 Federal Register publish a notice that it will take 30 days of public comment on the license transfers. The commission this past November got a direct license transfer application from Luminant Generation Co. LLC for Facility Operating License Nos. NPF-87 and NPF-89 for Comanche Peak Nuclear Power Plant Units 1 and 2 (CPNPP), and the general license for independent spent fuel storage installation (ISFSI). The current holder is Luminant Power, and the transfer would be to as yet unnamed companies, herein identified as Comanche Peak LLC (CP LLC), as owner, and Operating Co. LLC (OpCo LLC), as operator.

Both the units are Pressurized Water Reactor design, 3612 megawatts thermal units, located in Somervell County, Texas. The ISFSI is also located within a separate protected area co-located at the CPNPP site. The NRC is also considering amending the facility operating licenses for administrative purposes to reflect the proposed transfer.

Luminant Power is owned by Energy Future Competitive Holdings Co. LLC (EFCH), which is a direct wholly owned subsidiary of Energy Future Holdings (EFH). At the emergence of EFH from bankruptcy, where it has been since April 2014, Reorganized Texas Competitive Electric Holdings Corp., the ultimate parent company of CP LLC, will be ultimately owned by a numerous and diverse set of independent and unaffiliated stockholders. No single entity is expected to own a majority of, or exercise control over Reorganized TCEH or its board of directors.

The licenses will be transferred from Luminant Power to CP LLC, as owner, and OpCo LLC, as operator. Luminant Power has committed to inform the NRC staff of the final legal entity names and submit updated operating license revision pages, as and when, the final legal names are selected before the issuance of the license transfer.

Current Luminant Power nuclear management and technical personnel will be employed by OpCo LLC. Accordingly, there will be no change in management and/or technical qualifications, and OpCo LLC will continue to be technically qualified to operate the facility.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.