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CPS Energy sends team to Japan to negotiate cut in nuclear power costs - San Antonio Bu... - 0 views

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    CPS Energy CEO Milton Lee and Interim General Manager Steve Bartley are heading to Japan on Tuesday to square off behind closed door meetings with Toshiba Corp. officials to discuss why the cost projection on two new nuclear reactors are higher than expected. Toshiba Power Systems is the lead contractor for the proposed expansion of the South Texas Project nuclear power plant in Matagorda County, Texas. There have been reports indicating that the price tag could be as much as $4 billion higher than originally projected. CPS Energy's partner in the South Texas Project expansion, NRG Energy, will also be involved with discussions. CPS Energy will press the Japanese for a pricing structure on the two new reactors that is more affordable than the current cost projection. CPS Energy wants the cost of the nuclear reactors to have no more than a 5 percent impact on customer bills, Bartley says.
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    CPS Energy CEO Milton Lee and Interim General Manager Steve Bartley are heading to Japan on Tuesday to square off behind closed door meetings with Toshiba Corp. officials to discuss why the cost projection on two new nuclear reactors are higher than expected. Toshiba Power Systems is the lead contractor for the proposed expansion of the South Texas Project nuclear power plant in Matagorda County, Texas. There have been reports indicating that the price tag could be as much as $4 billion higher than originally projected. CPS Energy's partner in the South Texas Project expansion, NRG Energy, will also be involved with discussions. CPS Energy will press the Japanese for a pricing structure on the two new reactors that is more affordable than the current cost projection. CPS Energy wants the cost of the nuclear reactors to have no more than a 5 percent impact on customer bills, Bartley says.
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External review needed at CPS - 0 views

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    E-mails between Toshiba Inc. and CPS Energy and also among CPS executives make clear that the utility knowingly understated the costs of nuclear expansion to the public. Over a period of months during which CPS officials were telling the public the price for expansion at the South Texas Project was $13 billion, executives knew Toshiba was projecting the cost to be at least $4 billion higher. The same e-mails demonstrate anxiety among CPS officials that NRG Energy - a publicly held corporation that is CPS's partner in the project - intended to reveal the inflated cost estimates. "I think your discussion of incomplete cost estimates in public in November is a major problem," the CPS vice president of power plant construction wrote to an NRG official.
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    E-mails between Toshiba Inc. and CPS Energy and also among CPS executives make clear that the utility knowingly understated the costs of nuclear expansion to the public. Over a period of months during which CPS officials were telling the public the price for expansion at the South Texas Project was $13 billion, executives knew Toshiba was projecting the cost to be at least $4 billion higher. The same e-mails demonstrate anxiety among CPS officials that NRG Energy - a publicly held corporation that is CPS's partner in the project - intended to reveal the inflated cost estimates. "I think your discussion of incomplete cost estimates in public in November is a major problem," the CPS vice president of power plant construction wrote to an NRG official.
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CPS postpones vote on nuclear expansion - 0 views

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    A vote on the plan to reduce San Antonio's share in the nuclear project will be postponed at least a week. CPS Energy's board had been expected to vote Monday on a proposal pushed by Mayor Julián Castro to decrease its stake in the expansion of the nuclear South Texas Project to 20 percent to 25 percent, meaning it would have to sell about of half its current ownership. But any public discussion and decision on nuclear by the utility's board has been postponed tentatively until Oct. 13. "This decision is much too important to rush," Castro said via e-mail. "By moving board consideration back a week, we will give the CPS board, the City Council and, most importantly, the public additional time to hear from CPS Energy on this critical issue." The delay comes a day after Castro halted a closed-door meeting between the City Council and CPS Energy to discuss nuclear because of a challenge from the San Antonio Express-News.
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    A vote on the plan to reduce San Antonio's share in the nuclear project will be postponed at least a week. CPS Energy's board had been expected to vote Monday on a proposal pushed by Mayor Julián Castro to decrease its stake in the expansion of the nuclear South Texas Project to 20 percent to 25 percent, meaning it would have to sell about of half its current ownership. But any public discussion and decision on nuclear by the utility's board has been postponed tentatively until Oct. 13. "This decision is much too important to rush," Castro said via e-mail. "By moving board consideration back a week, we will give the CPS board, the City Council and, most importantly, the public additional time to hear from CPS Energy on this critical issue." The delay comes a day after Castro halted a closed-door meeting between the City Council and CPS Energy to discuss nuclear because of a challenge from the San Antonio Express-News.
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Dallas Morning News: Is it melt down for NRG's plans to build more Texas reactors? - 0 views

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    CPS Energy, San Antonio's electricity company, sued NRG Energy for $32 billion because of contractual disputes involving the expansion of the South Texas Project nuclear power facility. CPS owns a stake in the facility, which NRG also owns and operates. CPS says in the lawsuit that NRG, NRG's Nuclear Innovation North America joint venture, and Toshiba, "made misrepresentations and also failed to disclose project critical information to induce CPS Energy to participate in the project."
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    CPS Energy, San Antonio's electricity company, sued NRG Energy for $32 billion because of contractual disputes involving the expansion of the South Texas Project nuclear power facility. CPS owns a stake in the facility, which NRG also owns and operates. CPS says in the lawsuit that NRG, NRG's Nuclear Innovation North America joint venture, and Toshiba, "made misrepresentations and also failed to disclose project critical information to induce CPS Energy to participate in the project."
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Nuclear lawsuit under way - 0 views

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    "Nuclear Innovation North America looked to score a quick knockout Monday as the massive nuclear lawsuit filed by CPS Energy got under way. 408th District Court Judge Larry Noll was expected to announce Tuesday whether the tactic worked. NINA, which is being sued by CPS over the teetering proposal to build two more reactors at the South Texas Project, asked Noll for a summary judgment, a move that would give NINA a victory in the first phase of the case. NINA, which is a partnership between NRG Energy and Toshiba, contends that CPS should lose the roughly $350 million it has invested in the project and its ownership rights if it withdraws. Its attorneys argued an abbreviated version of the case Monday. "It is pretty clear that NRG is intent on trying to convince a judge that our customers should lose all of their investment," said CPS acting General Manager Jelynne LeBlanc-Burley, adding that she still holds out hope for a settlement. CPS is suing NINA for $32 billion, claiming the company pulled CPS into the deal by making fraudulent claims and then orchestrated a misinformation campaign through the media to force CPS out."
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The high price of a deal gone bad: Rebuilding CPS leadership - 0 views

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    It's come to this: The simple truth withheld from the community by CPS Energy was revealed last week by NRG Energy executives to a Houston gathering of financial analysts: San Antonio can't afford the high price of expanding the South Texas Project nuclear facility. Not that we need another example, but once again Wall Street enjoys the advantage over Main Street. Ratepayers don't have a need to know, but let's not deny institutional investors a little inside information. The project will cost billions more than CPS estimated, even after interim General Manager Steve Bartley went to Japan to seek concessions. Utility executives want until January to bring a new number to Mayor Julián Castro and the City Council. Why wait? What CPS once promised was a good deal for the city is now, clearly, a bad deal. It's a bad deal made worse by utility executives who deliberately withheld critical financial data, thus misleading elected city leaders, the Express-News and the public. Even as we were told the project would cost CPS and NRG a total of $13 billion, utility executives knew Toshiba Inc. was estimating $4 billion more.
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    It's come to this: The simple truth withheld from the community by CPS Energy was revealed last week by NRG Energy executives to a Houston gathering of financial analysts: San Antonio can't afford the high price of expanding the South Texas Project nuclear facility. Not that we need another example, but once again Wall Street enjoys the advantage over Main Street. Ratepayers don't have a need to know, but let's not deny institutional investors a little inside information. The project will cost billions more than CPS estimated, even after interim General Manager Steve Bartley went to Japan to seek concessions. Utility executives want until January to bring a new number to Mayor Julián Castro and the City Council. Why wait? What CPS once promised was a good deal for the city is now, clearly, a bad deal. It's a bad deal made worse by utility executives who deliberately withheld critical financial data, thus misleading elected city leaders, the Express-News and the public. Even as we were told the project would cost CPS and NRG a total of $13 billion, utility executives knew Toshiba Inc. was estimating $4 billion more.
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Judge denies order against CPS Energy - San Antonio Business Journal: - 0 views

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    A request for a temporary restraining order against CPS Energy has been denied by Bexar County District Judge John D. Gabriel. Nuclear Innovation North America (NINA) LLC, the joint venture of NRG Energy and Toshiba Corp., had sought the order during a hearing to determine a court date when legal pleadings will be heard concerning CPS Energy's lawsuit against NINA. The legal dispute arose over questions about the cost estimate of two nuclear reactors at the South Texas Project near Bay City, Texas. CPS Energy contends that the estimate came in $4 billion higher than the utility anticipated.
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    A request for a temporary restraining order against CPS Energy has been denied by Bexar County District Judge John D. Gabriel. Nuclear Innovation North America (NINA) LLC, the joint venture of NRG Energy and Toshiba Corp., had sought the order during a hearing to determine a court date when legal pleadings will be heard concerning CPS Energy's lawsuit against NINA. The legal dispute arose over questions about the cost estimate of two nuclear reactors at the South Texas Project near Bay City, Texas. CPS Energy contends that the estimate came in $4 billion higher than the utility anticipated.
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CPS Energy Receives STP Cost Estimate From Contractor Toshiba - 0 views

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    CPS Energy has received the contractually mandated cost estimate for proposed South Texas Project (STP) Units 3 and 4 from contractor Toshiba, however the utility will make no decisions on the project until rigorous analysis of price and methodology is completed. The cost estimate is structured in a range, and it will take CPS Energy staff several days to analyze the methodology behind the numbers and perform the necessary due diligence, said Jelynne LeBlanc-Burley, CPS Energy's acting general manager. "We are well aware of the confidentiality provision contained in our contract with Toshiba and NINA (Nuclear Innovation North America, a limited liability company comprised of Toshiba and NRG Energy)," said LeBlanc-Burley. "If the cost estimate is disclosed prematurely, it places our customers at risk. Our staff will evaluate the information from Toshiba, put it into context and brief our Board of Trustees as soon as possible. In turn, we will properly notify other key stakeholders including the San Antonio City Council."
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    CPS Energy has received the contractually mandated cost estimate for proposed South Texas Project (STP) Units 3 and 4 from contractor Toshiba, however the utility will make no decisions on the project until rigorous analysis of price and methodology is completed. The cost estimate is structured in a range, and it will take CPS Energy staff several days to analyze the methodology behind the numbers and perform the necessary due diligence, said Jelynne LeBlanc-Burley, CPS Energy's acting general manager. "We are well aware of the confidentiality provision contained in our contract with Toshiba and NINA (Nuclear Innovation North America, a limited liability company comprised of Toshiba and NRG Energy)," said LeBlanc-Burley. "If the cost estimate is disclosed prematurely, it places our customers at risk. Our staff will evaluate the information from Toshiba, put it into context and brief our Board of Trustees as soon as possible. In turn, we will properly notify other key stakeholders including the San Antonio City Council."
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CPS Energy board formally accepts nuclear-power settlement - San Antonio Business Journal: - 0 views

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    "CPS Energy's board of trustees has approved the proposed $1 billion settlement with Nuclear Innovation North America and NRG Energy Inc. The board's decision clears the way for the development of two nuclear reactors at the South Texas Project (STP) in Matagorda County, Texas. Nuclear Innovation North America (or NINA) is the nuclear development company jointly owned by NRG and Toshiba Corp. NINA is the developer of the expansion project. CPS Energy's management and NINA reached the proposed settlement back on Feb. 17. However, the utility's board of trustees still needed to sign off on the deal. "With this agreement NINA and CPS Energy can now go forward to develop nuclear energy for San Antonio's future energy needs," says CPS Energy Chairman Charles Foster. "This is a good and fair settlement for both parties.""
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Nuclear Developer Seeks New Partners for South Texas Project as Split with CPS Energy N... - 0 views

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    "A San Antonio municipal utility's public and acrimonious divorce from a proposed two-unit, 2,700-megawatt nuclear power plant is nearly final. San Antonio municipal utility CPS Energy has been trying to separate itself from South Texas Project units 3 and 4 for several months. Last week, a settlement was reached between CPS Energy and Nuclear Innovation North America (NINA) (New York, New York), a consortium of NRG Energy Incorporated /quotes/comstock/13*!nrg/quotes/nls/nrg (NRG 21.84, -0.23, -1.04%) (Princeton, New Jersey) and Toshiba Corporation (TYO: 6502) (Tokyo, Japan) that is developing the two-unit nuclear expansion of the South Texas Project (STP). All that remains is for the CPS Energy board to ratify the deal. Toshiba is the engineering, procurement, and construction firm for STP units 3 and 4. Subcontractors include Fluor Corporation /quotes/comstock/13*!flr/quotes/nls/flr (FLR 42.80, -2.25, -4.99%) (Irving, Texas), Sargent & Lundy LLC (Chicago, Illinois), Bechtel Group Incorporated (San Francisco, California) and Westinghouse (Monroeville, Pennsylvania). "
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CPS partner: Nuclear deal costs too high for S.A. - 0 views

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    Toshiba Inc. has shaved about $1.4 billion off its price to build two nuclear reactors, but it's unlikely to ever reach an amount within San Antonio's price range, NRG Energy executives said Thursday. "We would expect ... the price estimate that Toshiba will come back with may be outside the affordability range for their ratepayers," Steve Winn, CEO of the NRG-owned Nuclear Innovation North America, said at a financial analysts' meeting in Houston. At issue is the cost San Antonio's CPS Energy and NRG Energy are willing to pay contractor Toshiba to build two nuclear reactors outside Bay City. CPS Energy has promised ratepayers and the City Council that it will pursue the deal as long as it can limit power bill increases to 5 percent every other year for the next decade. This can be done if the total project, with financing, will cost about $13 billion, utility officials say. To hit that amount, Toshiba's costs need to come in about $8 billion. But the Japanese contractor, NRG confirmed, estimated its price at $12.3 billion in October.
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    Toshiba Inc. has shaved about $1.4 billion off its price to build two nuclear reactors, but it's unlikely to ever reach an amount within San Antonio's price range, NRG Energy executives said Thursday. "We would expect ... the price estimate that Toshiba will come back with may be outside the affordability range for their ratepayers," Steve Winn, CEO of the NRG-owned Nuclear Innovation North America, said at a financial analysts' meeting in Houston. At issue is the cost San Antonio's CPS Energy and NRG Energy are willing to pay contractor Toshiba to build two nuclear reactors outside Bay City. CPS Energy has promised ratepayers and the City Council that it will pursue the deal as long as it can limit power bill increases to 5 percent every other year for the next decade. This can be done if the total project, with financing, will cost about $13 billion, utility officials say. To hit that amount, Toshiba's costs need to come in about $8 billion. But the Japanese contractor, NRG confirmed, estimated its price at $12.3 billion in October.
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Costs Cloud Texas Nuclear Plan - WSJ.com - 0 views

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    Spooked by escalating costs, a city-owned utility in San Antonio is considering backing out of a venture with NRG Energy Inc. to build two next-generation nuclear reactors in Texas. CPS Energy is expected to make a final decision next month, after it gets an updated cost estimate from Toshiba Corp., which will oversee construction of the two reactors. The project is one of the furthest along in a new crop of nuclear proposals, but it is proving unpopular with city officials.
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    Spooked by escalating costs, a city-owned utility in San Antonio is considering backing out of a venture with NRG Energy Inc. to build two next-generation nuclear reactors in Texas. CPS Energy is expected to make a final decision next month, after it gets an updated cost estimate from Toshiba Corp., which will oversee construction of the two reactors. The project is one of the furthest along in a new crop of nuclear proposals, but it is proving unpopular with city officials.
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    Spooked by escalating costs, a city-owned utility in San Antonio is considering backing out of a venture with NRG Energy Inc. to build two next-generation nuclear reactors in Texas. CPS Energy is expected to make a final decision next month, after it gets an updated cost estimate from Toshiba Corp., which will oversee construction of the two reactors. The project is one of the furthest along in a new crop of nuclear proposals, but it is proving unpopular with city officials.
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    Spooked by escalating costs, a city-owned utility in San Antonio is considering backing out of a venture with NRG Energy Inc. to build two next-generation nuclear reactors in Texas. CPS Energy is expected to make a final decision next month, after it gets an updated cost estimate from Toshiba Corp., which will oversee construction of the two reactors. The project is one of the furthest along in a new crop of nuclear proposals, but it is proving unpopular with city officials.
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    Spooked by escalating costs, a city-owned utility in San Antonio is considering backing out of a venture with NRG Energy Inc. to build two next-generation nuclear reactors in Texas. CPS Energy is expected to make a final decision next month, after it gets an updated cost estimate from Toshiba Corp., which will oversee construction of the two reactors. The project is one of the furthest along in a new crop of nuclear proposals, but it is proving unpopular with city officials.
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CPS knew of higher STP cost year ago - 0 views

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    CPS Energy knew a year ago that contractor Toshiba Inc. wanted at least $4 billion more than San Antonio was willing to pay for the nuclear expansion, according to several sources close to the deal. Despite this, utility officials used a much lower figure as they pitched the project at public meetings during the summer, arguing that nuclear was the most cost-effective way for San Antonio to meet its future energy needs. They took the same message to elected officials who were to vote on a $400 million bond issue and rate increases to finance the multibillion-dollar expansion of the South Texas Project near Bay City. The response of City Council members and CPS Energy trustees to the 2008 estimate was muted Saturday. "Nothing can surprise me anymore," Councilwoman Elisa Chan said. But several officials said the revelation only deepens their mistrust of the city-owned utility's leadership. "It concerns me greatly that neither the council nor the board was informed," said Mayor Julián Castro, who acknowledged he, too, recently learned of the existence of the 2008 high estimate.
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    CPS Energy knew a year ago that contractor Toshiba Inc. wanted at least $4 billion more than San Antonio was willing to pay for the nuclear expansion, according to several sources close to the deal. Despite this, utility officials used a much lower figure as they pitched the project at public meetings during the summer, arguing that nuclear was the most cost-effective way for San Antonio to meet its future energy needs. They took the same message to elected officials who were to vote on a $400 million bond issue and rate increases to finance the multibillion-dollar expansion of the South Texas Project near Bay City. The response of City Council members and CPS Energy trustees to the 2008 estimate was muted Saturday. "Nothing can surprise me anymore," Councilwoman Elisa Chan said. But several officials said the revelation only deepens their mistrust of the city-owned utility's leadership. "It concerns me greatly that neither the council nor the board was informed," said Mayor Julián Castro, who acknowledged he, too, recently learned of the existence of the 2008 high estimate.
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Utility warning on nuclear cost - 0 views

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    The cost escalation of a new nuclear project is the subject of an investigation by Texas utility CPS Energy, which warned that new reactors "must be affordable". CPS is warning that the price must be right for South Texas Project 3 and 4 In June the project to build two Advanced Boiling Water Reactors at the South Texas Project was valued at $10 billion - or $13 billion including finance. CPS is responsible for half of the project, but the firm's reaction to a reported $4 billion cost increase has cast its involvement has been cast into doubt.
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    The cost escalation of a new nuclear project is the subject of an investigation by Texas utility CPS Energy, which warned that new reactors "must be affordable". CPS is warning that the price must be right for South Texas Project 3 and 4 In June the project to build two Advanced Boiling Water Reactors at the South Texas Project was valued at $10 billion - or $13 billion including finance. CPS is responsible for half of the project, but the firm's reaction to a reported $4 billion cost increase has cast its involvement has been cast into doubt.
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Independent citizens panel needed for nuclear dilemma - 0 views

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    Last week's revelation that the proposed STP nuclear expansion may cost $4 billion (31 percent) more than expected, is a blessing and an opportunity for San Antonio. Courageous leadership is now needed, especially in light of the apparent attempt by CPS Energy management to hide this information before a council vote. If this news had not been discovered, ratepayers would have been saddled with $400 million more for nuclear paperwork, setting a path for billions more in uncontrolled spending. Warning about CPS debt, bond-rater Moody's dropped CPS' outlook from "stable" to "negative," and noted council must be readily willing to raise electric rates. How high will rates go? The cost overruns imply nuclear costs of 13-15 cents/kWh - much higher than projected. What to do now? A completely fresh start is needed.
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    Last week's revelation that the proposed STP nuclear expansion may cost $4 billion (31 percent) more than expected, is a blessing and an opportunity for San Antonio. Courageous leadership is now needed, especially in light of the apparent attempt by CPS Energy management to hide this information before a council vote. If this news had not been discovered, ratepayers would have been saddled with $400 million more for nuclear paperwork, setting a path for billions more in uncontrolled spending. Warning about CPS debt, bond-rater Moody's dropped CPS' outlook from "stable" to "negative," and noted council must be readily willing to raise electric rates. How high will rates go? The cost overruns imply nuclear costs of 13-15 cents/kWh - much higher than projected. What to do now? A completely fresh start is needed.
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CPS Energy shortsighted, not long, in nuclear power push - 0 views

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    Earlier this year, the San Antonio City Council adopted a vision to make the Alamo City one of the greenest cities in America. The "Mission Verde" plan envisioned solar panels on every rooftop, high efficiency homes that helped lower electric bills, and good-paying local jobs created to make all this happen. But CPS Energy has a different vision. While making some encouraging investments in clean energy, the utility's primary energy strategy continues to focus on polluting, unsustainable energy sources. They've just built a new coal-fired power plant, and now they want to invest in two new expensive and dirty nuclear reactors that San Antonio doesn't need. CPS claims that building the new nuclear reactors - at an eye-popping price of $5.2 billion - won't compromise San Antonio's ability to also develop clean sources of energy. But that claim doesn't hold water.
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Public Citizen | Public Citizen Welcomes Opportunity for Senate to Hold Rogue Utility ... - 0 views

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    "The latest task of the state Senate Business and Commerce Committee provides a welcome opportunity for Texas to rein in rogue utilities like CPS Energy of San Antonio. Now charged with studying the costs of municipally owned utilities' generation plans and their impacts on residential and commercial customers, the Senate committee has the opportunity to protect Texans, especially low-income families, from the machinations of a utility bent on pleasing its industrial consumers at the cost of its most vulnerable customers. CPS Energy is pursuing a risky investment in a nuclear expansion project that, depending on the final cost of the project, would raise rates between 36 percent and 60 percent over the next 10 years. The municipally owned utility has failed to adequately involve the citizenry and city government in its generation planning process. CPS Energy's nuclear energy plan lacks any mechanism to protect consumers or low-income families, despite the fact that those customers would have to pick up the tab if the deal gets more expensive."
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Utility seeks clarification on NRG nuclear pact | Reuters - 0 views

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    CPS 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.
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    CPS 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.
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SA Current: Atomic Numbers - 0 views

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    Most Texas homes weren't built as if energy mattered. Despite 100-degree summer days, our roofs are still covered in heat-absorbing black-tar shingles. Cheap insulation in the attic, leaky doors, and single-paned windows mean when the air conditioner runs, it runs loads of cooled air right out the house. San Antonio's CPS Energy plans to spend $850 million to eliminate 771 megawatts of wasteful energy consumption through weatherization programs and rebates to help residential and commercial customers replace lights and appliances, and hoist solar panels onto their roofs by 2020. To do that will cost roughly $1,100 per saved kilowatt, according to the utility. However, 80 miles to the northeast, municipally owned Austin Energy has already cut 800 megawatts through energy efficiency over the last 20 years at a cost of roughly $350 per kilowatt, said Scott Jarman, consulting engineer with Austin Energy's efficiency program. But after 20 years of efficiency work, the savings are increasingly hard to find, and accordingly, more costly.
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    Most Texas homes weren't built as if energy mattered. Despite 100-degree summer days, our roofs are still covered in heat-absorbing black-tar shingles. Cheap insulation in the attic, leaky doors, and single-paned windows mean when the air conditioner runs, it runs loads of cooled air right out the house. San Antonio's CPS Energy plans to spend $850 million to eliminate 771 megawatts of wasteful energy consumption through weatherization programs and rebates to help residential and commercial customers replace lights and appliances, and hoist solar panels onto their roofs by 2020. To do that will cost roughly $1,100 per saved kilowatt, according to the utility. However, 80 miles to the northeast, municipally owned Austin Energy has already cut 800 megawatts through energy efficiency over the last 20 years at a cost of roughly $350 per kilowatt, said Scott Jarman, consulting engineer with Austin Energy's efficiency program. But after 20 years of efficiency work, the savings are increasingly hard to find, and accordingly, more costly.
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CPS Energy settles its suit over reactors - 0 views

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    "CPS Energy ended a two-month legal battle with its corporate partner in the proposed South Texas Project nuclear expansion with a settlement Wednesday that allows the utility to immediately stop making payments on the project while retaining a small share. The partner, Nuclear Innovation North America, also agreed to pay CPS $80 million and contribute $10 million in assistance for low-income local residents to pay power bills. The deal, which CPS Energy said is worth $1 billion total, means the utility will retain 7.625 percent of the project to build two more reactors near Bay City."
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