FPL gets license for nuclear plant |
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Published
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Tue, 31 Jul 2007 23:57
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WASHINGTON (AP) - Federal regulators said Tuesday they approved the transfer of license to operate a Wisconsin nuclear plant to energy company FPL Group Inc.Juno Beach, Fla.-based FPL last year announced a deal to acquire the Point Beach Nuclear Plant north of Milwaukee from Wisconsin Energy Corp. The $1 billion deal included $783 million for the plant and $215 million for its fuel and other supplies.The Nuclear Regulatory Commission said its staff has approved the transfer of the operating license, but said the transfer is contingent on the completion of regulatory approvals. FPL currently owns four nuclear power plants in Florida, New Hampshire and Iowa.Shares of FPL fell 6 cents to $57.73 Tuesday. Wisconsin Energy shares added 26 cents to $42.93.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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