New nuclear reactors get environmental approval from NRC

The U.S. Nuclear Regulatory Commission and the U.S. Army Corps of Engineers, Jacksonville District, have completed the Final Environmental Impact Statement for two proposed reactors at the Levy County nuclear power plant in Florida. The project is expected to cost $22.5 billion.

The NRC said that there are no environmental impacts that would preclude issuing the combined construction and operating licenses (COLs) for units 1 and 2 at the plant.

Progress Energy (NYSE: PGN) submitted a COL application in July 2008 to build and operate two Westinghouse AP1000 nuclear reactors at the site. The AP1000 is a 1,100 MW pressurized water reactor design.

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