nuclear-news

Problems of foreign ownership hamper USA’s nuclear power expansion

Nuclear expansion review halted over foreign ownership worries Chron.com, By TRACY IDELL HAMILTON,  December 14, 2011 The Nuclear Regulatory Commission has suspended its review of the foreign ownership portion of the application to expand the South Texas Project nuclear plant over concerns that the owners haven’t done enough to ensure domestic control of the plant.

Toshiba Corp., based in Japan, could obtain an 85 percent ownership stake in the two nuclear plants proposed for the site outside of Bay City, the NRC found, meaning the company could have “the power to exercise ownership, control or domination over NINA,” or Nuclear
Innovation North America.

NINA is a partnership between Toshiba and NRG Energy, which shares ownership of STP’s existing nuclear plants with CPS Energy and Austin Energy…..
The commission asked NRG for more information on its “foreign ownership Negation Action Plan,” in late summer and fall, but that information appears to be insufficient…..http://www.chron.com/business/article/Nuclear-expansion-review-halted-over-foreign-2403395.php

December 15, 2011 - Posted by Christina Macpherson | business and costs, USA