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Nuclear Project Hits Obstacle As Exelon Balks – WSJ.com

Nuclear Project Hits Obstacle As Exelon Balks THE WALL STREET JOURNAL By REBECCA SMITH 27 Nov 08

GE Hitachi Nuclear Energy has a problem with its latest nuclear reactor: getting someone to build it.

A decision by Exelon Corp. to drop the next-generation GE Hitachi reactor at the Chicago firm’s proposed Texas nuclear project casts a shadow over the design that, so far, exists only on paper and is mired in a difficult certification process at the Nuclear Regulatory Commission.

Exelon said this week it no longer intends to build GE Hitachi’s ESBWR reactor — short for “economic simplified boiling water reactor” — if it proceeds with its project because it has concluded the reactor can’t clear regulatory hurdles fast enough for Exelon to qualify for federal loan guarantees. The decision is significant because Exelon is the largest operator of nuclear reactors in the U.S.

Nuclear Project Hits Obstacle As Exelon Balks – WSJ.com

November 29, 2008 - Posted by | Uncategorized

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