Letter of intent signed for EPC, long-lead items.

The article reports on a letter of intent signed by Progress Energy for an engineering, procurement and construction (EPC) contract to build two Westinghouse AP1000 advanced pressurized water reactors in Levy County, Florida. It mentions that the application for a combined construction and operating license (COL) for Levy is assumed to be submitted in July 2008, with first-unit startup expected in 2016. It states that there might be a contract for the projects before the application arrives at the U.S. Nuclear Regulatory Commission (NRC).