Utility seeks clarification on NRG nuclear pact | Reuters - 0 views
-
Energy Net on 14 Dec 09CPS Energy of San Antonio, a 50-50 partner with a unit of NRG Energy (NRG.N) in a plan to build two new nuclear reactors in Texas, asked a state court to "clarify" its liability should it pull out of the project, the company said on Monday. Stocks The San Antonio municipal utility said it filed a petition in state district court late Sunday "to clarify the roles and obligations" of CPS Energy and Nuclear Innovation North America (NINA), a partnership of NRG and Toshiba Corp (6502.T). NINA is developing a two-unit expansion plan at the South Texas Project, Texas largest nuclear station, expected to cost more than $10 billion. Rising cost estimates for the project have created concern among San Antonio's city leaders.
-
Energy Net on 14 Dec 09CPS Energy of San Antonio, a 50-50 partner with a unit of NRG Energy (NRG.N) in a plan to build two new nuclear reactors in Texas, asked a state court to "clarify" its liability should it pull out of the project, the company said on Monday. Stocks The San Antonio municipal utility said it filed a petition in state district court late Sunday "to clarify the roles and obligations" of CPS Energy and Nuclear Innovation North America (NINA), a partnership of NRG and Toshiba Corp (6502.T). NINA is developing a two-unit expansion plan at the South Texas Project, Texas largest nuclear station, expected to cost more than $10 billion. Rising cost estimates for the project have created concern among San Antonio's city leaders.