Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, May 10, 2010

TEPCO to buy 10% stake in South Texas Project

TEPCO to buy 10% stake in South Texas Project
Tokyo Electric Power has signed a contract with Nuclear Innovation North America for a stake in two new nuclear units at the South Texas Project using boiling-water reactors. The utility, also called TEPCO, is known for its use of the reactors. It will purchase $125 million of newly issued shares for a stake of 10%, with the option to buy another 10% stake in about one year. NINA is owned by NRG Energy and Toshiba. The Wall Street Journal/Dow Jones Newswires (5/10) , The Dallas Morning News



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