NRG, Toshiba hope to resolve foreign-ownership issue tied to Texas reactor project

05/9/2013 | SNL Financial (free content)

Nuclear Innovation North America, a joint venture between NRG Energy and Toshiba, hopes by early 2014 to resolve a foreign-ownership issue tied to the potential construction of new reactors at the South Texas Project nuclear plant, an executive said. Under Nuclear Regulatory Commission rules, a nuclear plant licensee is barred from being "owned, controlled, or dominated by an alien, a foreign corporation, or a foreign government." "We firmly believe based on the application that we have demonstrated that we are not under foreign control or domination," said Mark McBurnett, CEO of NINA.

View Full Article in:

SNL Financial (free content)

Published in Brief: