NRC Flags Incident At Dominion Nuclear Plant Following Quake

Date : 04/11/2012 @ 6:45PM
Source : Dow Jones News
Stock : Dominion Energy, Inc. (D)
Quote : 77.04  -0.26 (-0.34%) @ 4:01PM

NRC Flags Incident At Dominion Nuclear Plant Following Quake

Dominion Energy, Inc. (NYSE:D)
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Federal inspectors found shortcomings with an equipment replacement at Dominion Resources Inc.'s (D) North Anna nuclear power plant in Virginia after an August earthquake forced it to shut down.

The Nuclear Regulatory Commission said Wednesday it will discuss an apparent violation of the plant's technical specifications with Dominion officials on April 20 before determining how to proceed.

Inspectors flagged the plant after finding a gasket failure prevented one of its emergency diesel generators from working properly. Workers replaced the gasket the same day, but the NRC said the utility company didn't have adequate procedures for installing the part.

A Dominion spokesman said the company looks forward providing the NRC with details about the event, adding the incident didn't affect public health or safety.

Nuclear safety procedures have attracted renewed public attention after Japan's earthquake catastrophe last year exposed gaps in its nuclear industry's disaster preparedness. The country's Fukushima Daiichi plant suffered a triple meltdown after an earthquake-triggered tsunami knocked out backup generators that were supposed to keep the reactors cool.

On Tuesday, the NRC said it determined the significance of the North Anna deficiency was "greater than green" on its color-coded safety scale, which ranges from green to red in severity. The NRC has not determined the event's actual significance, however.

Dominion in October said the North Anna plant was ready to restart after a 5.8-magnitude earthquake forced it to shut down. The utility said it had "found no damage whatsoever that could preclude operation."

Dominion shares were up 11 cents at $50.28 after hours. The stock is up 14% over the past year.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

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