NRG slows nuclear work

Nuclear Innovation North America (NINA), a partnership between NRG Energy Inc. and Toshiba Corp., has slowed work on a nuclear power project in Texas saying there is too much regulatory uncertainty to continue, according to an article in Reuters.

The company said it will halt all work except licensing new reactors and securing federal loan guarantees. The announcement comes as the U.S. Nuclear Regulatory Commission said they would conduct a review of the nation’s nuclear fleet in the wake of the crisis at the Fukushima Daiichi nuclear power plant in Japan. The plant was crippled during an earthquake and tsunami on March 11.

The Tokyo Electric Power Co., the owner of the Fukushima plant, agreed to invest $155 million for a 10 percent share in units 3 & 4

The NRC's order for a review of all plants raises uncertainty about potential design changes and timing of new license approvals, the article said.

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