August 6, 2010 / 1:45 PM / 9 years ago

NRC accepts PSEG application for new NJ reactor site

 NEW YORK, Aug 6 (Reuters) - The U.S. Nuclear Regulatory Commission on Friday said it accepted for review Public Service Enterprises Group Inc’s (PEG.N) Early Site Permit (ESP) application for a new reactor at its Salem/Hope Creek nuclear power plant in New Jersey.
 PSEG has not yet decided to build a new reactor but has said it is keeping its options open by applying for the ESP application.
 In a release, the NRC said PSEG Power and PSEG Nuclear submitted the application on May 25. The ESP process, which takes about 24 months, determines whether a site is suitable for future construction and operation of a nuclear power plant.
 The NRC projects it will decide on the ESP in 2012, according to its web site.
 An ESP is independent of a combined construction and operating application, which allows a company to build and operate a new reactor.
 An ESP is valid for 10 to 20 years from the date of issuance, and can be renewed for an additional 10 to 20 years. —————————————————————————————- PLANT BACKGROUND/TIMELINE PROVINCE:     New Jersey COUNTY:       Salem TOWN:         Salem along the Delaware River about 40 miles
           (60 km) south of Philadelphia OPERATOR:     PSEG’s PSEG Nuclear OWNER(S):     - Salem 1 & 2 - PSEG (57.41 pct)
                         - Exelon (EXC.N) (42.59 pct)
           - Hope Creek  - PSEG (100 pct) CAPACITY:     3,531 MW UNIT(S):      - Hope Creek - 1,161-MW General Electric boiling
             water reactor
           - Salem 1 - 1,174-MW Combustion Engineering
             pressurized water reactor
           - Salem 2 - 1,158-MW Combustion Engineering
             pressurized water reactor
           - 38 MW Salem 3 - gas turbine FUEL:         Nuclear; Kerosene (Unit 3) DISPATCH:     Baseload COST:         Salem 1 and 2 - $1.3 billion
           Hope Creek - $4.3 billion. Hope Creek was
           originally designed for two reactors but as
           costs rose the utility and state decided not to
           pursue the second unit. The state also believed
           there was not enough demand to warrant the second
           unit TIMELINE: 1968 -        Salem construction started 1971 -        Salem 3 gas turbine enters service 1974 -        Hope Creek construction started. 1977 -        Salem 1 enters commercial service 1981 -        Salem 2 enters commercial service 1986 -        Hope Creek enters commercial service 2007 -        PSEG says to spend about $50 million from
           2007-2011 to explore a possible new reactor at
           Hope Creek 2009 -        PSEG files with NRC to renew the original
           40-year operating licenses at Salem and Hope
           Creek for an additional 20 years 2010 -        PSEG files with NRC for an Early Site Permit
           (ESP) for a new reactor at Hope Creek 2012 -        NRC expects to decide on the Hope Creek Early
           Site Permit 2012 -        NRC expects to decide on the license renewals 2016 -        Salem 1 license to expire 2020 -        Salem 2 license to expire 2026 -        Hope Creek license to expire  (Reporting by Scott DiSavino; Editing by John Picinich)       

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