5/9/2013

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.

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