October 13, 2008

PPL Subsidiary Applies for License to Build Nuclear Plant in Pennsylvania

US-based electric utility PPL has announced that its subsidiary has filed an application with the US Nuclear Regulatory Commission for a license to build and operate a new nuclear plant under consideration near Berwick, Pennsylvania.

According to the company, the Bell Bend nuclear plant would be built near the company's existing two-unit Susquehanna nuclear power plant. Nuclear Regulatory Commission (NRC) review of the combined license application (COL) is expected to take three to four years.

In additional to the application, PPL has submitted the first part of the federal loan guarantee application to the US Department of Energy. The company will submit a second part of the application as required before the December 19, 2008, deadline.

The Bell Bend license application includes the US evolutionary power reactor advanced technology from Areva, which is already under design certification review by the NRC. PPL has contracted with UniStar Nuclear Energy, a strategic joint venture of Constellation Energy and the EDF Group, to assist with preparation of the application.

Victor Lopiano, president of PPL Nuclear Development, said: "A final decision by PPL on whether to move forward with the Bell Bend plant won't be made for several years, and will depend on NRC approval, on receiving a federal loan guarantee for the project, on attracting additional investors and on the company's view of the power market fundamentals at that time."