Dominion Virginia Power, a subsidiary of Dominion (NYSE: D), still plans to build a third nuclear reactor at the North Anna nuclear power plant despite regulatory and financial hurdles, the Associated Press reports.
The original application to build a third reactor at the site was filed a decade ago and an early permit to resolve environmental and safety issues was received in 2007. Since then, however, approval has hit regulatory hurdles. Critics say the lessons of Fukushima and the low-price of natural gas make more nuclear build untenable, and doubt the new reactor will ever be built.
âBut in the long term, we are convinced that it is not in the companyâs interest, or the nationâs interest, to be completely dependent on only one fuel,â Eugene Grecheck told the Free Lance Star newspaper, according to the Associated Press. In 2010, Dominion selected Mitsubishi Heavy Industryâs Advanced Pressurized Water Reactor design for its planned unit at the site.
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