On September 19, 2008, Luminant filed an application with the NRC for a Combined Construction and Operating License (COL) for two new reactors. The reactor design selected is the US version of the 1,700 MWe Advanced Pressurized Water Reactor (US-APWR), developed by Mitsubishi Heavy Industries (MHI). The project is a joint venture, with Luminant owning 88 percent and 12 percent owned by MHI. Luminant did not release an estimate of the project's cost, but CEO David Campbell said Luminant would try to build its new reactors at the low end of current industry estimates, which he said range from $2,500 to $6,000 a kilowatt — $8.5 billion to $20.4 billion for a 3,400 MW plant.