American Electric Power ($AEP) announced October 19 a joint development agreement with X-energy ($XE) to evaluate a 960-megawatt advanced nuclear project in Sullivan County, Indiana. Amazon ($AMZN) is providing development funding and intends to purchase the facility's electricity under a long-term contract if the project proceeds.
- The proposed facility would use 12 X-energy Xe-100 small modular reactors, each generating 80 MW, for a combined capacity of 960 MW.
- The companies are evaluating the former Breed Generating Station coal plant site in Sullivan County, Indiana.
- The project remains in the feasibility stage and requires a final investment decision before construction can begin.
- Amazon intends to cover the facility's construction and operating costs through a long-term power purchase agreement.
- AEP said the agreements would include financial safeguards intended to protect existing utility customers from project costs.
- If completed, the facility is expected to support Indiana's electricity infrastructure for more than 60 years.
- The companies expect the project to create jobs and generate local tax revenue if construction proceeds.
Relevant Companies
- American Electric Power ($AEP) - Would participate in developing and operating the proposed nuclear facility.
- X-energy ($XE) - Would supply its Xe-100 reactor technology for the proposed 12-unit project.
- Amazon ($AMZN) - Would fund development and purchase electricity under a long-term agreement if the project advances.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
