Excelon at Victoria, TX
Earlier this week, Exelon Generation announced plans to withdraw its Early Site Permit application for an 11,500-acre tract of land southeast of Victoria, TX.
The company said the decision was based mainly on economics and sited current market conditions that make it impossible to create electricity for less than what the company could sell it for. This comes down to the price of natural gas which has seen substantial drop making it impossible to build a large base load nuclear plant and make a profit.
Excelon had submitted an Early Site Permit application that would have given them 20 years before they would be required to build a plant. Given that, they must believe that the current economic trend is a long-term one.
Citizens in the region opposing the plant had expressed concerns regarding the region’s water supply, the knowledge that most of power generated would have gone to other areas, and safety risks regarding malfunctions and attacks.
South Texas Nuclear Project
With the NRC rejection of the Calvert Cliffs new site permit because of its foreign ownership (French Électricité de France-EDF), the application for expansion of South Texas Project (for a 3rd and 4th unit) will probably be rejected to because of it’s predominantly Japanese ownership (Toshiba).
The 1954 Atomic Energy Act prohibits the NRC from issuing a reactor license to any company owned by a foreign corporation or government.
STP also has an application in for a license extension. We don’t know what is happening with license extensions with regard to the issue of long term waste storage. We will update when we have a better indication of how the NRC is going to handle those applications.