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  • 02 Nov 09
    theenergynet
    Energy Net

    Two troubling issues emerged from news that the cost estimate for the proposed expansion of nuclear generation at the South Texas Project has suddenly gone up by as much as $4 billion. That's a 30 percent increase, and CPS Energy won't have a fixed-price contract for the two new reactors until at least 2012.

    Toshiba Corp., the main contractor for the expansion, may merely have thrown out the inflated cost as a negotiating tactic. That's what CPS Energy interim general manager Steve Bartley suggests it is.

    Another explanation could be that Toshiba is weak in producing estimates, with the initial figures being too low or the current ones being too high.

    nuclear energy reactors south-texas cps-energy tx nuke.news economics

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