Wales' First Minister Carwyn Jones has insisted that new nuclear plants on Anglesey would be good for the Welsh economy, while Welsh Secretary David Jones called the deal a "huge boost" for the principality.
This is very good news for Wales and the UK. The potential benefits of a new nuclear development on Anglesey would be substantial - not just in creating thousands of highly skilled jobs and boosting the supply chain - but in helping to secure our energy supply in the future.
When I was appointed Secretary of State, I made it clear that securing a future for nuclear generation at Wylfa was my number one ambition.
Today's announcement is terrific news for Anglesey and the whole of North Wales.I have visited Wylfa many times and know there is a wealth of nuclear expertise and eager young apprentices on Anglesey; they can now look forward to a secure future of well-paid, high quality employment.