Toshiba (TOSBF) To Build Nuclear Plants For NRG Energy (NRG) And CPS Energy

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08:58:00 am on February 25, 2009

Toshiba will construct 2 new 1,400 MW nuclear plants in Texas under an agreement with Texas utility companies NRG Energy and CPS Energy. The two new plants are being built as part of the South Texas Project, an expansion of an existing nuclear plant that provides power to NRG and CPS customers.

According to MSN Money, the new plants will be unique because "They will be the first in the U.S. that are advanced boiling water reactors, the kind of nuclear plants Toshiba has focused on, according to the Tokyo-based manufacturer." They should be up and running in 2016 and 2017, respectively. 

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