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Toshiba U.S. Reactor Advances at NRC via Bloomberg

Toshiba Corp. (6502) reactor remains on track to power the first new U.S. nuclear plants approved in 30 years, as regulators signaled Japan’s Fukushima disaster won’t deter acceptance of the proposed design.

The Nuclear Regulatory Commission’s staff declared Aug. 9 that the AP1000 design by Toshiba’s Westinghouse Electric unit is safe, and also supported its first planned use at a plant under construction inGeorgia by Southern Co., the largest U.S. utility owner by market value. The full commission still must vote to approve the reactor design and a plant license.

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