Exelon expects to submit the combined construction and operating license application (COL) to the Nuclear Regulatory Commission (NRC) in September 2008.
Exelon stated that, after conducting in depth field investigations and research as part of the company’s site selection process, Victoria County was identified as the site best suited to satisfy NRC requirements as well as other federal and state laws and regulations.
The site is an 11,500-acre tract about 20 miles south of Victoria in the same county. If built, the facility at the site will use a man-made freshwater lake for cooling, the company said.
Exelon expects the license application to cost about $23 million. The company said that submitting the application in 2008 allows it to participate in nuclear production tax credits, financial risk insurance and federal loan guarantees.
