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

http://online.wsj.com/article/BT-CO-20100510-708988.html?mod=dist_smartbrief

http://energyandenvironmentblog.dallasnews.com/archives/2010/05/nrg-gets-partner-on-its-nuke-p.html