ABB Nuclear Plant Design Receives Certification From Nuclear Regulatory Commission.NORWALK, Conn.--(BUSINESS WIRE)--June 26, 1997--ABB Inc. announced it has received certification of its System 80+ Standard Plant from the U.S. Nuclear Regulatory Commission Nuclear Regulatory Commission (NRC), an independent U.S. government commission, created by the Energy Reorganization Act of 1974 and charged with licensing and regulating civilian use of nuclear energy to protect the public and the environment. (NRC NRC abbr. 1. National Research Council 2. Nuclear Regulatory Commission Noun 1. NRC - an independent federal agency created in 1974 to license and regulate nuclear power plants ). The certification means that a U.S. owner can obtain a single NRC license in one step to both build and operate the plant, before construction begins. System 80+ is an advanced light water reactor
A light water reactor or LWR jointly developed by ABB Combustion Engineering Nuclear Systems, the U.S. Department of Energy, Stone & Webster Engineering, and Duke Engineering & Services. The System 80+ plant is an evolutionary design based on the eight units in operation or under construction in the Republic of Korea and the three System 80 units in operation at the APS Company's Palo Verde Station. System 80+ is the only advanced pressurized water reactor Advanced Pressurized Water Reactor is a type of nuclear reactor which is an improved version of existing Pressurized Water Reactor types. Examples include Westinghouse's AP600 and AP1000, Areva's EPR and Mitsubishi's APWR. design certified by NRC. Organizations constructing a new nuclear power plant can reference this Design Certification, rather than undergo a separate design review by the NRC. This will result in a reduction of several years between the time the decision is made to build the plant and when it is ready to produce electricity. Costly design changes are avoided, a situation that was a major factor in escalating construction costs of most nuclear units built in the 1970s and 1980s. This certification will give a high degree of safety and licensing assurance to future foreign owners of System 80+ Standard Plants as well. The Design Certification culminates a $100 million design and licensing effort that spanned more than ten years. The certification is valid for 15 years and is renewable. ABB Combustion Engineering Nuclear Systems designs and manufactures nuclear systems and components. ABB (Asea Brown Boveri) Inc. (http://www.abb.com/americas/usa), with headquarters in Norwalk, Conn., engineers products and services for power generation, transmission and distribution; industrial processes; and transportation. The company and its affiliates had annual U.S. revenues of approximately $5.4 billion in 1996 and employ 22,000 people in 40 states. Their parent, ABB Asea Brown Boveri ABB, formerly Asea Brown Boveri, is a multinational corporation headquartered in Zürich, Switzerland, operating mainly in the power and automation technology areas. ABB is one of the largest engineering companies as well as one of the largest conglomerate companies in the Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABBBY and OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ABBGY), employs approximately 215,000 people worldwide and had revenues in 1996 of $35 billion. CONTACT: William Kelly, 203-750-2246 e-mail: william.s.kelly@usabb.mail.abb.com |
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