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Japanese firm gets TXU reactor deal, source says

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From Reuters

Mitsubishi Heavy Industries has received an order for two nuclear reactors from U.S. power plant operator TXU Corp. worth $4.3 billion to $5.2 billion, a person familiar with the matter said.

Such an order would mark the first time a Japanese-made reactor has been exported, and also the first time a Japanese manufacturer of nuclear reactors has won an order on its own to build a U.S. power plant.

The Nikkei business daily reported that TXU, which recently agreed to be taken over in a $32-billion deal led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group, would file a licensing application this autumn.

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The reactors would be built at the Comanche Peak nuclear power station near Dallas.

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