August 28, 2012 — Exelon is halting efforts to gain initial federal regulatory approvals for new nuclear construction in Victoria County, Texas.
The company said the action is in response to low natural gas prices and economic uncertainty. The withdrawal will all project activity.
Exelon originally submitted an application for a combined construction and operating license for the Victoria County site in 2008, but never made a decision to build a nuclear plant there. In 2010 the company applied for an early site permit, a change in licensing strategy that allowed Exelon to continue with some aspects of site evaluation and regulatory approvals while deferring a construction decision for up to 20 years.