Oct. / Nov. / Dec. 2009 - Nebraska Public Power District
Oct. / Nov. / Dec. 2009 - Nebraska Public Power District
Oct. / Nov. / Dec. 2009 - Nebraska Public Power District
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Entergy<br />
Nuclear signs<br />
until 2029<br />
An extension to the Cooper Nuclear<br />
Station Support Services Agreement<br />
with Entergy Nuclear was approved<br />
by NPPD’s Board of Directors at its<br />
<strong>Dec</strong>ember meeting. The amendment<br />
extends the current agreement for<br />
an additional term of 15 years until<br />
Jan. 18, 2029.<br />
“The decision to extend the Support Services Agreement<br />
was based on the significant improvements in regulatory<br />
and operational performance realized at CNS since the<br />
beginning of the agreement in <strong>Oct</strong>ober 2003.”<br />
- President and CEO Ron Asche<br />
ENERGY INSIGHT • OCTOBER / NOVEMBER / DECEMBER <strong>2009</strong> 15<br />
“I believe that NPPD and Entergy have established<br />
an effective partnership that bodes well for the future<br />
of CNS. NPPD has invested heavily in the plant to<br />
help set the stage for License Renewal. Preliminary<br />
work is also being performed to evaluate the<br />
feasibility of an extended power uprate for CNS. Our<br />
partnership with Entergy supports both of these longterm<br />
objectives.”<br />
“An additional feature of the amendment is to<br />
change certain provisions pertaining to compensation<br />
of Entergy that will allow NPPD to meet certain<br />
IRS tax exempt debt financing tests. This change, in<br />
conjunction with the expiration of the MidAmerican<br />
<strong>Power</strong> Sales Contract later this year, will allow the<br />
<strong>District</strong> to use tax exempt debt, instead of higher cost<br />
taxable debt, to finance capital projects at Cooper.<br />
This will result in lower overall power costs for<br />
Cooper Station in the future,” said Asche.<br />
In written comments to CNS employees, Asche said,<br />
“The Support Services Agreement has allowed NPPD<br />
to remain in the nuclear generation business which<br />
is a proud part of our heritage. It remains important<br />
to our Board that NPPD retain the CNS operating<br />
license. The Board also recognizes the importance of<br />
all the NPPD employees that help manage and operate<br />
the plant on a daily basis. It would be extremely<br />
challenging to operate in today’s environment without<br />
the benefit of the fleet affiliation that the agreement<br />
with Entergy allows. With climate change concerns,<br />
having CNS as an important part of our diverse<br />
generation mix is now more critical than ever.”