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Authority approves annual report and past minutes; RFP and industry updates noted

VNEC Authority · November 19, 2024
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Summary

The authority approved the annual report with discussed edits and approved Q2 and Q3 meeting minutes (several abstentions). Members received an RFP timeline update and industry news on Constellation, Holtec and Framatome.

The VNEC authority approved its annual report with the changes discussed at the meeting and approved prior meeting minutes following separate roll-call votes.

The chair asked for a motion to approve the annual report with the discussed edits; a motion was made and seconded. The authority then conducted a virtual roll call; multiple members voted yes and the chair announced the motion approved. The chair instructed staff to incorporate the agreed changes and submit the report to the governor's office and legislature later in the month.

The authority separately approved the quarter-two meeting minutes (one abstention recorded for a member absent from that meeting) and then approved the quarter-three minutes with several abstentions from members who said they were not present at the earlier meeting.

On other business, Eric Carr provided an RFP update, saying the RFP has had strong vendor interest and many vendor questions; the technology-selection decision was deferred into January–February to process submissions. "I think in the January, February timeframe, we'll be in a position to make a technology selection," Carr said.

Members also heard industry developments: leadership and investment moves were highlighted, including Constellation's announced plan to restart the TMI reactor and rename the site the Crane Clean Energy Center under a long-term power purchase agreement with Microsoft, Holtec's finalized $1.5 billion Department of Energy loan guarantee for the Palisades plant, and Framatome's appointment of Tony Robinson as CEO in Lynchburg.

The meeting concluded with no public comments and a reminder to submit consolidated comments on the strategic-plan draft to April and copy Brandy.