Electricity firm, Exelon Generation, is set to apply for a combined construction and operating licence that would allow for the possible development of a nuclear plant in Texas.
The company�s intentions have been outlined in a report to the Nuclear Regulatory Commission (NRC).
The filing of the report launches a process that gives Exelon the option to develop a new nuclear plant without immediately committing to the full project.
Among the various conditions that must be resolved before any formal decision to build is made are a permanent solution to used fuel disposal, broad public acceptance of a new nuclear plant and assurances that a new plant using new technology can be financially successful.
Exelon expects to submit the application to the NRC for the combined construction and operating licence, known as a COL, in 2008.
Exelon expects to acquire a site, apply for a COL and develop project cost estimates and economic projections for a new nuclear energy plant with ‘next generation� technology.
“We view Texas as a logical area for expansion of nuclear power,� said Jack Skolds, executive vice president of Exelon Corporation and president of Exelon Generation.
“Exelon also sees the state�s burgeoning need for more electricity with fewer carbon emissions, which is precisely what nuclear energy delivers. We want to fully explore all possibilities for our mutual benefit.�
Site Map
\
FEATURED COMMENT
Please click here to comment on this article