CPS Takes Next Step on Nuclear Path

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CPS Takes Next Step on Nuclear Path

A pattern is starting to develop at the board meetings of CPS Energy. Spend two hours on self-congratulatory chatter and presentations about the company’s so-called commitment to sustainability and renewable energy, and only then deliver a unanimous vote to move the company and San Antonio further along toward a financially and environmentally risky investment on increased nuclear power usage.

The CPS Energy board unanimously approved investing another $60 million for planning and engineering the expansion of the STP nuclear plant in Bay City yesterday, raising the company’s financial commitment on the project up to $267 million. The vote authorized entering into an EPC Agreement (Engineering, Procurement and Construction) to replace the existing technical services agreement.

Mike Kotara, CPS Energy executive vice president of energy development, pointed out that the agreement does not lock the company into building the two additional proposed reactors at the STP site but that it protects the existing investment and enhances the opportunity for a Department of Energy Loan Guarantee.

http://www.sacurrent.com/blog/queblog.asp?perm=69416

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