"NRC Says New South Texas Nukes Don't Pass Ownership Test"

"The U.S. Nuclear Regulatory Commission (NRC) said it would suspend review of the non-foreign ownership requirements of the proposed new reactors at South Texas because Japanese multinational Toshiba effectively controls the project. Foreign companies cannot control nuclear plants in the United States."

"In a letter dated December 13, the NRC said its staff would continue to review the application but would not issue a license until the foreign ownership requirements were met.

The NRC determined Toshiba controls Nuclear Innovation North America (NINA), the company developing the South Texas project."

Scott DiSavino reports for Reuters December 15, 2011.

Source: Reuters, 12/15/2011