Wednesday, February 20, 2008

Progress Files for Two New Nuclear Plants

From Progress:

Progress Energy Carolinas, a subsidiary of Progress Energy (NYSE: PGN), announced that it will file a combined operating license (COL) application with the Nuclear Regulatory Commission (NRC) later today [yesterday] for two possible new reactors at the existing Harris Nuclear Plant site near New Hill, N.C. Nuclear power is one of three components of the company's balanced solution strategy, which also includes the use of renewable energy sources and an emphasis on energy efficiency.


Progress Energy chose the Harris site in 2006, based on availability of transmission lines, proximity to cooling water and to Progress Energy Carolinas' largest area of customer concentration.


The Harris Plant site was originally planned for four nuclear reactors, but due to changing economic conditions in the 1970s and 1980s, only one reactor was built. The Harris site offers a large amount of available land -- approximately 35 square miles -- and has an adequate water supply.


For purposes of the COL application, Progress Energy has selected Westinghouse to supply the reactors for possible expansion of its nuclear generating fleet in the Carolinas and Florida. The AP1000 is an advanced 1,100-megawatt nuclear power plant that uses passive safety system designs and engineering simplicity to enhance plant reliability and reduce construction costs. The AP1000 has 87 percent less cable, 83 percent less pipe, 50 percent fewer valves and 35 percent fewer pumps than the generation of reactors in operation today.

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