GE Nuclear Considers North Carolina Consolidation

From the AP wire:

General Electric Co. is considering consolidating its nuclear power business in North Carolina in anticipation that U.S. regulators will allow electric utilities to build a new generation of power plants, a company spokesman said Tuesday.

Fairfield, Conn.-based GE will decide by late summer whether to spend about $40 million to build a new facility in Wilmington, where the world's largest industrial conglomerate moved its global nuclear power headquarters two years ago, division spokesman Tom Rumsey said.

"There's every indication from the president on down that we're looking at some new builds in the nuclear industry," Rumsey said. "Wherever we're planted, that's where the hiring will be. ... We're trying to set ourselves so that if and when this growth occurs and we do get orders for new plants, we'll be able to grow."

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NEI Nuclear Notes

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