UniStar scraps plans for Nine Mile Point 3 nuclear power plant

UniStar Nuclear Energy has completely withdrawn its application for a thrid nuclear power plant at the Nine Mile Point Nuclear Station in New York.

UniStar Nuclear Energy has completely withdrawn its application for a third nuclear power reactor at the Nine Mile Point Nuclear Station, reports The Associated Press.

Nine Mile Point is a two-unit nuclear power station located in Scriba, New York on the shore of Lake Ontario. The license application for a third reactor at the site was submitted by UniStar to the Nuclear Regulatory Commission in 2008. However, UniStar then submitted a request the NRC to put the application on hold just over a year later.

According to the AP, UniStar has now opted to completely halt the application process for Nine Mile Point 3 because the project was not selected for federal loan guarantees.

UniStar, an Electricite de France (EDF) Group company, was established in partnership with Constellation Energy in 2007 toward the development of the proposed Calvert Cliffs 3 (CC3) nuclear power plant in Maryland.

In 2010 EDF and Constellation settled disputes surrounding the CC3 nuclear project through a transfer of assets. Under the terms of the agreement, EDF acquired Constellation's 50 percent stake in UniStar for $140 million to become the sole owner of the nuclear subsidiary.

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