UPDATE 3-Duke looks to build a nuclear power plant in Ohio

Thu Jun 18, 2009 3:48pm EDT
 
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* Duke, Areva, UniStar and USEC form Ohio nuclear alliance

* Would power more than 1 million homes, businesses

* Areva seeks to supply the reactor for new Duke plant (Recasts)

By Scott DiSavino

NEW YORK, June 18 (Reuters) - Duke Energy Corp (DUK.N) is considering construction of a nuclear power reactor in Ohio -- the latest in a wave of planned new reactors in the United States -- Chief Executive Jim Rogers said on Thursday.

The reactor, which could produce thousands of jobs and hundreds of millions of dollars for local communities, would meet the region's growing energy needs without producing greenhouse gases in what will likely soon be a carbon-constrained world.

To develop the project Duke has joined with French nuclear company Areva SA (CEPFi.PA), U.S. uranium enrichment company USEC Inc (USU.N) and nuclear developer UniStar Nuclear Energy.

"We face the indisputable fact that our nation and our world are transitioning to a low-carbon future," Rogers said at a news conference in Piketon, Ohio, where the reactor would be built.

"With the creation of this project, the partners in this alliance, the state of Ohio and our country, are edging a little further across the bridge to that future."

Executives from each of the companies were joined by several Ohio politicians, including Governor Ted Strickland, at the conference.

The companies did not provide any timing or estimated costs for the project at the meeting with reporters.

To date, the Nuclear Regulatory Commission has received 17 applications to build 26 new reactors in the United States. The nuclear industry expects to have four new reactors in service by 2016 and as many as eight by 2018.

Duke, the third biggest nuclear power operator in the United States, will manage the project and serve as the applicant for any NRC licensing applications. Duke owns seven reactors at three sites and has applied to the NRC to build two new reactors in the Carolinas.

Areva would like to build its 1,600-megawatt Evolutionary Power Reactor at the site. The EPR would be able to power more than a million homes and businesses in Ohio.

UniStar, a joint venture between Baltimore power company Constellation Energy Group Inc (CEG.N) and French power company Electricite de France SA (EDF) (EDF.PA), will provide Duke with licensing, construction and operating services. UniStar was formed to introduce Areva's EPR to the United States.

UniStar currently has EPR projects under development in Maryland, Missouri, Pennsylvania and New York.  Continued...

 

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