Image courtesy of Wikipedia. Federal regulators have approved a permit that would allow possible construction of a new reactor near New Jersey’s Salem and Hope Creek nuclear power plants.

LOWER ALLOWAYS CREEK, N.J. (AP) Federal regulators have approved a permit that would allow possible construction of a new reactor near New Jersey's Salem and Hope Creek nuclear power plants.

The Nuclear Regulatory Commission's Atomic Safety and Licensing Board said it found no basis to deny PSEG Power's application.

The permit gives the energy company a 20-year window to pursue a construction and operating license for a nuclear plant.

PSEG Power said it has no immediate plans to build a new reactor at the site.

Company spokesman Joe Delmar said they applied in 2010, but the “economics don't make sense right now” for the company to pursue construction of a nuclear facility.

Jeff Tittel, director of the New Jersey Sierra Club, said it's dangerous to put a nuclear plant at that location, citing flood risks and population density.

(This story also can be found on Construction Equipment Guide's Web site at www.constructionequipmentguide.com.)

Today's top stories

Blalock Crews Build TDOT's $67M Newport Bypass

New Bridges Part of Iowa's $114M Madison Avenue Project

Eagle Bridge Co. Works On Final Leg of U.S. 35 Upgrade

SAKAI Achieves Record Sales, Production

Takeuchi Recognizes Top Dealers at 2024 Dealer Summit

Equip Expo's Summer Giveaway Offers a Chance for Lifetime Trade Show Registration, Gift Card, Hotel Stay

Tennessee's Pugmill Systems LLC Expands Its Product Offerings to Include Concrete Plants

ASCENDUM Machinery Opens New Savannah, Ga., Facility