Niagara Mohawk, RG&E plan joint nuclear venture

Issue 2 and Volume 101.

Niagara Mohawk, RG&E plan joint nuclear venture

Niagara Mohawk Power Corp. and Rochester Gas and Electric Corp. (RG&E) have announced plans to form a joint nuclear operating company to manage the operations of RG&E`s Ginna nuclear plant and Niagara Mohawk`s Nine Mile Point One and Two nuclear plants. The plan includes the initial formation of a nuclear services company–the New York Nuclear Operating Co.–to provide support services such as quality assessment, engineering support, emergency preparedness and fuel management.

Long Island Lighting Co., New York State Electric and Gas Corp. and Central Hudson Gas and Electric Corp.–co-owners of Nine Mile Two with Niagara Mohawk and RG&E–support the joint operating venture.

Consolidated Edison Company of New York Inc., owner and operator of Indian Point 2, has expressed interest in joining the venture. The New York Power Authority, owner and operator of the James A. FitzPatrick nuclear plant and the Indian Point 3 nuclear plant, has also been invited to join the venture.

“The principal, potentially statewide, benefit we see in this enterprise is that it will enable us to sustain a high level of safety and performance of the state`s nuclear assets through a focused organization of nuclear experts,” said Roger W. Kober, RG&E chairman and CEO.