NRC Foreign Ownership Policy: New Course For 21st Century

Law360, New York (July 25, 2013, 8:08 PM EDT) -- In spite of the growing globalization of the nuclear energy industry, the prohibition on foreign ownership, control or domination (FOCD) of U.S. nuclear power plants has substantially hindered foreign investment in new U.S. nuclear plants and ownership of existing plants. Recently, FOCD determinations by the Nuclear Regulatory Commission (NRC) have precluded the issuance of a combined construction and operating license (COL) for proposed new reactors at the South Texas Project and Calvert Cliffs nuclear power stations.

However, the NRC’s newly initiated proceeding to re-evaluate its FOCD...
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