[4] On October 10, 2008, PPL Bell Bend, LLC, a subsidiary of PPL submitted a Combined Construction and Operating License application (COL) for the plant with the Nuclear Regulatory Commission (NRC)[5] — in time for the potential plant to qualify for production tax credits under the U.S. Energy Policy Act of 2005.
[6] The proposed nuclear power plant consisted of one European Pressurized Reactor (EPR) steam electric system designed by the French company AREVA.
[8] The two units at Taishan nuclear power plant have since entered commercial operations while Olkiluoto 3 (the first EPR to start construction) reached first criticality in late 2021 whereas Flamanville 3 is still not finished as of 2022.
PPL spokesman Dan McCarthy said in 2008 that the plant would cost about $10 billion to develop, and seven to eight years to construct — beginning operation in 2016 or 2017.
[8] PPL Chief Operating Officer William Spence said, "Without federal loan guarantees, companies like PPL will not be able to secure financing for the substantial cost of building new, advanced-design nuclear energy plants that will help this country achieve challenging limits on carbon dioxide emissions, as well as energy independence".