US nuclear plant sale

2006-12-22

FPL Energy has agreed to buy the Point Beach nuclear power plant (1012 MWe net) for $998 million, its third such purchase. The actual plant accounts for $783 million, $773 per kilowatt. The two units were commissioned in 1970 and 1973 and last year had their licences extended to 2030 and 2033. Power uprates are planned. FPL will assume responsibility for decommissioning and at least $360 million in trust funds will transfer to FPL for this. All power will be sold back to the vendor, Wisconsin's We Energies.（Nucleonics Week 21/12/2006）