Westinghouse in NuStart Cooperative Agreement With DOE
7 May 2005
NuStart Energy Development LLC, a consortium of nine nuclear power companies operating 58 percent of the nation's nuclear power plants, announced today that it has signed a Cooperative Agreement with the U.S. Department of Energy for design work and preparation of Combined Construction and Operating Licenses (COLs) applications for new nuclear power plants in the U.S.
Westinghouse Electric Company is a member of the consortium, and has signed a subaward with NuStart associated with engineering- and licensing- related work on its AP1000 advanced nuclear power plant design.
The DOE award to NuStart is expected to result in several hundreds of millions of dollars of funding over the next several years. Federal funding is matched 50/50 by NuStart and its industrial partners, including Westinghouse.
The AP1000 received Final Design Approval from the U.S. NRC in September 2004. "With the completion of the NRC's review of the AP1000 design and the assurance that it meets all current safety requirements, we are well positioned to support NuStart's initiative," said Dan Lipman, Westinghouse's Senior Vice President for Nuclear Power Plants. "We believe that our AP1000 design - with its emphasis on simplicity and its reliance on natural forces such as gravity to assure safety - will be safer, less expensive to build, and easier to operate. The current generation of nuclear power plants in the U.S. has already proven its value as an environmentally friendly source of electricity. We need to build on this success for the future."
NuStart currently plans to submit a COL application in 2008. It would be the first license application for a new nuclear plant in the United States under the NRC's new licensing process. NuStart plans to select two sites by October of 2005.
Westinghouse Electric Company, wholly owned by BNFL plc of the United Kingdom, is the world's pioneering nuclear power company and is a leading supplier of nuclear plant projects and technologies to utilities throughout the world. Today, Westinghouse technology is the basis for approximately one- half of the world's operating nuclear plants.
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Source: Westinghouse Electric Company
Source: PR Newswire
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