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PPL to seek license for nuclear unit in Pennsylvania

Wed Dec 19, 2007 7:39am EST

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Dec 19 (Reuters) - PPL Corp (PPL.N) said it will ask the U.S. Nuclear Regulatory Commission to approve a combined license to construct and operate a new generating unit near the Susquehanna nuclear power plant in Pennsylvania.

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PPL does not expect the cost of the licensing effort to impact its forecast of earnings from ongoing operations, the company said in a statement.

PPL has contracted with an affiliate of UniStar Nuclear Energy, a joint venture of power company Constellation Energy Group Inc (CEG.N) and European electricity producer EDF, to prepare the application. (Reporting by Dhanya Skariachan in Bangalore; Editing by Deepak Kannan)

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