Exelon scraps Texas reactor project

29 August 2012

Exelon has notified the Nuclear Regulatory Commission that it will withdraw its Early Site Permit application for new nuclear construction in Victoria County, Texas. The decision, it says, is “all about the economics.”

“The action is in response to low natural gas prices and economic and market conditions that have made construction of new merchant nuclear power plants in competitive markets uneconomical now and for the foreseeable future,” Exelon said in a 28 August statement.

The company 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, Exelon applied for an Early Site Permit, a change in licensing strategy that allowed it to continue with some aspects of site evaluation and regulatory approvals while deferring a construction decision for up to 20 years.

The recent ESP application withdrawal brings an end to all project activity, Exelon said.


Related Articles
The security stress test



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.