NRC APPROVES TRANSFER OF OPERATING LICENSES FOR NINE MILE POINT NUCLEAR PLANT

The Nuclear Regulatory Commission has approved the transfer of the operating licenses for the Nine Mile Point Nuclear Power Plant, Units 1 and 2, to Nine Mile Point Nuclear Station, LLC, a subsidiary of Constellation Nuclear, LLC.

Niagara Mohawk Power Corp. had been the licensed operator and sole owner of Unit 1, and a co-owner of Unit 2, located near Oswego, New York, since the two units began operation -- Unit 1 in December 1969 and Unit 2 in March of 1988. Other co-owners of the facility's Unit 2 included New York State Electric & Gas Corp., Rochester Gas & Electric Co., Central Hudson Gas & Electric, Corp., and Long Island Lighting Co. (LILCO). LILCO will continue to retain a minority ownership interest in Unit 2.

On February 1, Constellation, on behalf of Nine Mile Point Nuclear Station, LLC, submitted an application to the NRC requesting approval for the license transfer. The key issues considered by the NRC technical staff included adequacy of decommissioning funding, insurance and Constellation's technical and financial qualifications.

The Commission published a notice on the transfer request and an opportunity for a hearing in the Federal Register on April 2. No comments or requests for a hearing were received.

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Thursday, February 22, 2007