GE-Hitachi, Detroit Edison Reach Deal For Nuclear Plant
The nuclear-power joint venture of General Electric Co. (GE) and Hitachi Ltd. (HIT, 6501.TO) has reached an agreement with DTE Energy Co.'s (DTE) Detroit Edison utility related to the venture's next-generation nuclear reactor.
The deal on site-preparation work moves the project ahead in its federal license application process.
Detroit Edison, Michigan's largest utility, is using the reactor design in its application to the U.S. Nuclear Regulatory Commission to construct and operate a proposed generator on the site of the company's Fermi 2 Power Plant, located 35 miles south of Detroit.
