Luminant turned in their combined construction and license application to build two new reactors at Comanche Peak on Friday.
“Today is an important step in adding the energy needed by Texas,” said John Young, CEO of Energy Future Holdings, Luminant’s parent company. “It’s the first day of a long journey that we’re going to take on the expansion of this facility.”
Luminant CEO David Campbell said the application was turned in at 1 p.m. on Sept. 19. They began compiling information for the application two years ago and it’s 7,500 pages long.
Young said the new facilities would bring in an extra $10 million over the next five years to Texas. Continued community support is vital in the success of the expansion.
Campbell said the new reactors would be 1,700 megawatts each, which is 50 percent larger than the two units currently on sight. They will produce enough energy to power 1.8 million Texas homes.
“1.8 million is a huge dent in the power needs of this state,” said Ray Perryman, CEO of The Perryman Group. “We won’t have to dip into the most expensive energy sources.”
Campbell said Comanche Peak began contributing to the tax base in 1982 and has contributed $1 billion in taxes.
Perryman said the new units will bring approximately $55 million addition tax dollars per year.
Texas is one of the fastest growing states with approximately 20 percent of national economic developments in Texas. But Perryman said the increased business would mean increased energy demands.
“If you don’t have juice it doesn’t matter. Most companies need to plug something in,” Perryman said.
“Nuclear energy is a very important part of the energy mix,” Campbell said.
He added that it is an environmentally sound energy source that produces zero emissions and is a stable price power.
State Senator Kip Averitt was also on hand. He noted how nuclear power had more support now than it did when Comanche Peak first came to the county.
“What a difference 35 years makes,” Averitt said. “Look forward to my support through this application process.”
Texas State Senator of District 24 Troy Fraser added that Texas was a business-friendly state.
He said Texas held 41 percent of all new jobs created in the nation last year and more Fortune 500 businesses call Texas home than any other state.
We’re doing something right,” Fraser said. “We’re ensuring the continued growth of Texas. This is a clean alternative.”
Somervell County Judge Walter Maynard also attended the event. He mentioned that he would be attending the Class of 1958 reunion soon.
“We’ve come a long way since then,” he commented.
Maynard said Comanche Peak, which employs 1,100 people, created something for county residents to come back to. The plant has brought new economic growth, jobs and businesses.
“The Somervell County Commissioners passed a resolution supporting the potential expansion of the Comanche Peak Nuclear Power Plant,” Maynard said. “Luminant has been a good neighbor since the 1980s by consistently doing what they said they would do - take care of the land, the air and the water in partnership with the people of our county.”
He only had one question for Campbell: “Can’t we do it in less than four years?” The centerline of each new reactor will be 1,000 feet apart. Units three and four will look a little different from units one and two.
Matt Weeks from Luminant said they are working under the new philosophy that each unit stands alone.
Mitsubishi Heavy Industries, Ltd. Designed the units, called the US-Advanced Pressurized Water Reactor (US-APWR).
Units one and two will continue to use water from the Squaw Creek reservoir, but new lakes using water from Lake Granbury will be built for units three and four.
An economic impact study was also completed and can be viewed at www.perrymangroup.com.