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

Related Articles

 North Anna nuclear power plant shuts down

North Anna nuclear power plant shuts down

Unit 1 of the North Anna nuclear power plant automatically tripped offline Feb. 26 as workers with Dominion (NYSE: D) were in the process of shutting the reactor down.

Second-oldest nuclear reactor in S. Korea OK to restart

South Korea’s nuclear watchdog approved a plan to restart a 679-MW nuclear power unit that was shut down after reaching its 30-year lifespan.

Follow Power Engineering on Twitter
Latest News

Green Mountain Power will offer Tesla home battery

On the same day as the product’s announcement, Green Mountain Power (GMP) will be one of the ...

Tesla plugs into energy storage market with home battery system

FOSTER CITY, Calif. (AP) — Elon Musk, CEO of electric car maker Tesla Motors hopes to park hu...

Officials: Deal reached over Kalkaska gas plant pollution

KALKASKA, Mich. (AP) - Federal officials say they've reached a settlement with a Texas compan...

MidAmerican plans 2 Iowa wind farms costing $900 million

DES MOINES, Iowa (AP) - MidAmerican Energy says it plans to build two new wind farms in Iowa ...

Caterpillar expands renewable power generation with First Solar

Caterpillar (NYSE: CAT) and First Solar (Nasdaq: FSLR) will develop an integrated photov...

Agreement would ensure coal supply for NM power plant

The owners of a power plant that provides electricity to more than 2 million customers throug...

Kansai Electric Power requests nuclear power plant life extension

Kansai Electric Power Co. is planning to extend the operational life of two nuclear reactors ...

Dominion acquires 20-MW California solar power project

Dominion (NYSE: D) acquired a 20-MW solar power facility in California from E.ON North America.

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
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.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

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

Power Industry Wire News

Power Your Way Through Summer

Power Your Way Through Summer

National Grid Statement on the Energy Efficiency Improvement Act of 2015

National Grid Statement on the Energy Efficiency Improvement Act of 2015

Perma-Fix Schedules First Quarter 2015 Earnings Conference Call

Perma-Fix Schedules First Quarter 2015 Earnings Conference Call

PALMco Joins Autism Services and Resources Connecticut's Annual Walk for Autism as a Silver Sponsor

PALMco Joins Autism Services and Resources Connecticut's Annual Walk for Autism as a Si...

UGE Selected to Install Portfolio of Microgrid Systems for Small Businesses in New York City

UGE Selected to Install Portfolio of Microgrid Systems for Small Businesses in New York...

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 >>