VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

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GE has new reactor ready to certify
After nine years before federal regulators, General Electric has "the world's most technologically advanced reactor" ready for certification.

That description of the ESBWR, or economic simplified boiling water reactor, is from GE Hitachi chief executive Caroline Reda, who points out Nuclear Regulatory Commission certification paves "the way for the reactor's construction in the U.S."

The NRC is reviewing two license applications referencing the ESBWR design. Detroit Edison is seeking a license for Fermi Unit 3 in Monroe County, Mich., and Dominion Virginia Power is seeking a license for North Anna Unit 3 in Louisa County, Va.

In April 2013, GE Hitachi agreed to guide Dominion through the process of applying for a combined operating license for a reactor engineered for the utility's site a few miles from the epicenter of the earthquake that shook the East Coast three years ago.



http://www.starnewsonline.com/article/20140823/ARTICLES/140829851/-1/news300