Q... the poor bastards. Gotta be be hell for them.

Charley... yer gonna LOVE this...

NHK...

A US power company says it will abandon plans to build nuclear reactors in Texas, amid the crisis at the Fukushima Daiichi nuclear plant in Japan.

NRG Energy, which operates the South Texas Project nuclear station, planned to build the 2 reactors with Japan's Toshiba Corporation.

The company said on Tuesday that it will write off its investment in the project, citing extraordinary challenges facing US nuclear development due to present circumstances.

The firm also said justifying to its shareholders any further financial participation in the project would be impossible.

The firm is the first in the US to decide to withdraw from nuclear expansion since the start of the Fukushima crisis.

NRG Energy will record a pretax charge of 481 million dollars in the first quarter of this year for impairment of net assets.

Wednesday, April 20, 2011 16:35 +0900 (JST)