New Projects, Nuclear

Areva, FNEG agree to pursue 1,600 MW nuclear power plant

29 December 2009– Areva and Fresno Nuclear Energy Group LLC signed a letter of intent to formalize cooperation in a plan to develop a 1,600 MW nuclear power plant in California. State law currently bans new nuclear power plant construction.

The two companies will work together to find a location suitable for a new nuclear power plant and on the initial development and permitting process. Tentative plans call for one or two Areva EPR plants to be developed in the state’s Central Valley.

“We are at the point where a major, well-qualified player must become part of our team,” said John Hutson, President of the Fresno group, known as FNEG.

The Fresno group and affiliated organizations are pursuing legislative change and support for nuclear power in California. In 2010, Areva and FNEG will begin a series of studies to identify the most feasible site for a new nuclear power plant in California.
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