Nuclear power partnership to disband

After achieving its goal of licensing the first new nuclear power plants in decades and spurring more than $2 billion in private investment in new nuclear energy development, NuStart Energy Development LLC on June 12 said it will disband and reallocate its resources back to its 10 member companies effective June 30, 2012.

Formed in 2004 with the goal of helping to lay the foundation for the next generation of nuclear plants in the U.S., the 10 utility members outlined two objectives. The first objective was to obtain a construction and operating license (COL) from the U.S. Nuclear Regulatory Commission (NRC) using a never-been-tested licensing process developed in 1992; the second was to complete the design engineering for the Westinghouse AP1000 technology. Both objectives were achieved in the past six months as the AP1000 reactor was approved in December 2011 and the NRC issued the COL to Southern Co. (NYSE: SO) subsidiary Georgia Power’s Plant Vogtle in February.

Part of the Department of Energy’s Nuclear Power 2010 initiative, NuStart was funded by what was designed to be a 50-50 cost-shared program between the nuclear industry and the DOE. DOE funding for nuclear energy amounted to approximately $355 million. Together with Westinghouse, NuStart’s contributions amounted to approximately $975 million.

NuStart member utilities will concentrate resources on the companies’ respective nuclear projects, after the group disbands on June 30.

Members of NuStart Energy Development LLC are DTE Energy (NYSE: DTE), Duke Energy (NYSE: DUK), EDF Inc., Entergy Nuclear, Exelon Generation (NYSE: EXC), Florida Power & Light Co., Progress Energy (NYSE: PGN), South Carolina Electric & Gas, Southern Nuclear, and the Tennessee Valley Authority.

Subscribe to Nuclear Power International magazine

Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

Volume 118, Issue 3

Buyers Guide Product Listings

Nondestructive Examination and Testing

Advanced nondestructive examination, NDE, techn...

Engineering Services

Structural Integrity Associates, Inc. (SI) is a...

Buyers Guide Company Listings


SPSI is a privately held fabricator of high quality process, power and nuclear piping systems used primarily in the domestic and international power generation and petrochemical industries.


URS plans, designs, engineers, constructs, retrofits, and maintains power plants and the systems that transmit and distribute electricity. Our expertise encompasses fossil fuel, nuclear, and hydroelectric power generating facilities, as well as alternative and renewable energy sources. We develop and install clean air technologies and perform major nuclear component

Serdula Systems Ltd

Provides consulting services from R&D, engineering, operations, and assessments to bid evaluation and feasibility studies to national and international organizations in the nuclear power industry.

The Merrick Group Inc

More than 20 years experience in the high-pressure water jetting industry. Our specialists offer vast experience and unparalleled expertise in industrial, nuclear plant cleaning maintenance.

Power Industry Wire News

UGE International Reports Third Quarter 2014 Financial Results

UGE International Reports Third Quarter 2014 Financial Results

Canadian Overseas Petroleum Limited Liberia Update

Canadian Overseas Petroleum Limited Liberia Update

American Leisure Holdings, Inc. Announces Letter of Intent to Acquire Wroblewski Oil and Gas Company

American Leisure Holdings, Inc. Announces Letter of Intent to Acquire Wroblewski Oil an...

Blue Earth Completes $10 Million Private Placement

Blue Earth Completes $10 Million Private Placement

Energy Services Company ENSERVCO to Present at LD Micro Conference

Energy Services Company ENSERVCO to Present at LD Micro Conference

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>