Texas nuclear plant expansion in doubt

[jpak]

http://money.cnn.com/2011/03/23/news/economy/texas_nuclear_plants/

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.

<snip>

Tepco holds a 10% stake in the NRG expansion project, with the option to purchase an additional 10% share. A spokesman for NRG confirmed the company has been in touch with Tepco following Japan's twin natural disasters -- but only to offer assistance.

<more>

[enough]

1. That's a mighty fast about-face, it seems to me. Very interesting. (nt)

[Skink]

2. I guess the rainy day fund is off the table.

[kristopher]

3. Tepco just went to the banks for $19-25B for cleanup,

... taxpayers footing most of bill though.

Also TEPCO has a $4B piece of S.Texas Project.