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TXU plans nuclear plants

DALLAS (AP) - Electric utility TXU Corp. said Thursday it plans to build nuclear reactors at up to three sites to meet growing electricity demand in Texas beginning late in the next decade, fresh evidence of increased interest in nuclear energy in the United States.

The company said it expects to submit applications to the Nuclear Regulatory Commission in 2008 to build the plants, which could produce enough power to serve up to 4.5 million homes.

By applying to the NRC before the end of 2008, TXU expects to get $6 billion in tax credits, nuclear risk insurance and federal loan guarantees approved by Congress in last year

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