The Heat Is Online

TXU Swaps Coal for Nukes

TXU seeks to build biggest U.S. nuclear plants

 

Energy utility shifts focus from coal to nuclear in seeking to build biggest ever U.S. nuclear plants, according to a report Tuesday.

 

CNN.com, April 10 2007

NEW YORK (Reuters) -- Utility company TXU, which scrapped plans to build eight coal-fired plants when it agreed to be acquired by two private equity firms, is now hoping to build the biggest nuclear power plants in the United States, said the Wall Street Journal.

TXU  has shifted its focus to nuclear power at a time when three other utilities have also said they may build nuclear plants in Texas, said the Journal, without citing sources.

The Journal said reactors selected by TXU would be designed and build by Mitsubishi Heavy Industries of Japan, and would be 50 percent bigger than TXU's current nuclear reactors.

TXU is being acquired by Kohlberg Kravis Roberts and Texas Pacific Group.