1 August 2008 — Progress Energy Florida said it submitted a combined operating license (COL) application with the Nuclear Regulatory Commission (NRC) to construct a new nuclear power plant in Florida. The application, submitted to the NRC July 30, included the request to build two Westinghouse AP1000 advanced 1,100 MW nuclear reactors at the site.
The company estimates the total cost of the project to be approximately $14 billion for the two units and an additional $3 billion for the necessary transmission equipment. This estimate includes land price, plant components, financing costs, construction, labor, regulatory fees and reactor fuel for two units and about 200 miles of transmission lines and associated equipment.
The submission of the COL application is the last in a series of three important filings in order to consider building a nuclear power plant at the Levy County site. The licensing process, once completed, gives Progress Energy the option to construct and operate two units at the site; it does not obligate the company to build. The NRC will review the application over the next three to four years.
If the company moves forward with plans for a new nuclear plant at the Levy County site, the new plant’s first reactor could be online in 2016, with the second reactor scheduled to come online in 2017.
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