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« Fronteer Development Group: Moved to | Main | Portfolio Update 21 September 2007 »

Uranium: Two new reactors for Texas?

The Wall Street Journal 25sep07

The New Jersey energy company, NRG Energy Incorporated is to submit an application to build two new reactors in southern Texas according to The Wall Street Journal.

In their introduction to the article they had this to say:

“In a move that could mark the beginning of a nuclear-power revival, a New Jersey-based energy company today plans to submit an application to build and operate two new reactors. The request, the first submitted to the Nuclear Regulatory Commission in 31 years, comes from an unlikely source: NRG Energy Inc., a company that has never before built a nuclear plant.

NRG Energy Logo 26sep07

The application -- for a two-reactor addition to the company's existing South Texas nuclear station -- could offer the first full test of the nuclear agency's new licensing process, which has been under development since the 1980s”

The sooner this process starts the better in our opinion. New sets of regulations always present a new set of obstacles to be negotiated. Lets hope that it is not a bureaucratic nightmare but a fast moving piece of machinery designed to get nuclear power plants built quickly and efficiently.

Thanks to Bob P for alerting us to this news.

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