Texas nuclear plant expansion in doubtSubmitted by Katherine on Wed, 03/23/2011 - 14:42
Utility company NRG has put the brakes on a plan to build two new nuclear reactors at its South Texas plant, CEO David Crane said Wednesday.
High levels of uncertainty in the aftermath of Japan's nuclear disasters have led the company to limit work on the project to the licensing and securing of federal loan guarantees, Crane said.
No new nuclear plant has won final approval in the United States since the Three Mile Island accident in 1979, although site work is being done at a couple of locations around the country.
Eighty miles southeast of Houston, NRG (NRG, Fortune 500) wants to expand its nuclear facility from two reactors to four -- in part with financing from Tokyo Electric Power Company, the owner of the Fukushima Daiichi plant that was heavily damaged in Japan's earthquake and tsunami.