NRC OKs Part of FPL's $3B Nuclear Expansion Project

Law360, New York (July 10, 2012, 4:02 PM EDT) -- The Nuclear Regulatory Commission on Monday gave Florida Power & Light Co., the state's largest electric utility company, the green light to proceed with one of four proposed nuclear generator expansions in a massive power-boosting overhaul worth between $2.9 billion to $3.1 billion.

With the approval, FPL can up the power level of a pressurized-water reactor in its St. Lucie County nuclear facility by 12 percent, according to the NRC. Having already completed much of the work to ready the unit over the past two years,...
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