TXU To Build Nuclear Plants

Dallas Morning News:

TXU Corp. announced Thursday plans to build up to three nuclear power plants in Texas.

The Dallas power company said in a press release that it will apply for licenses for the plants in 2008 and will probably finish building them around 2015 to 2020.

TXU didn’t say how much it would spend to build up to six gigawatts of nuclear power capacity it’s planning, but said the idea is to come up with a design and construction process that shaves up to 40 percent off of the average cost.

TXU said the average cost to build a nuclear plant is $2,100 per kilowatt. So TXU’s plans could cost around $8 billion.