CPS staff recommending nuclear option - Philadelphia Business Journal:

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The cost of expanding STP to include twoadditionap reactors, each capable of generating 1,350 megawatts of electricity, woulcd run somewhere between $10 billion and $13 billion, according to CPS Energ interim General Manager Steve Bartley. “Anu route we take will be expensive and will require bill Bartley says. “We believre all methods of producing electricity will cost more as timegoes on, so we are lookiny for the best way to slow cost escalation as much as possiblw and retain Greater San Antonio’s position as having the lowesft energy bills among the nation’e 20 largest cities.
” Bartley says it is betterf to pay some of that cost soonetr to avoid having to pay much more in the long The staff recommendation follows a three-year, detailefd study of CPS’ various energ y options. Now the CPS Board will conducta summer-long publixc education and input process before makinbg a final decision on pursuing the recommendation in If approved, the proposak could go before the City Council for fina consideration in October.
CPS Energy CEO Miltonj Lee says despite laudable effortsat conservation, San Antonio will experience a shortfall in electrical generationb by 2020 unless new sources of energy are “We’ve carefully examined many scenarios involving naturalk gas, coal, nuclear and even purchased power from the Texaws grid to provide our community with a long-term, cost-competitive source of electricity,” Lee “We’ve concluded that expansion of STP has the highesrt probability of accomplishing that important goal.
” CPS Energy is the nation’s largestf municipally owned energy company providinyg both natural gas and electric Acquired by the City of San Antonio in 1942, the compant serves approximately 700,000 electric customers and almost 320,0009 natural gas customers in and around America’s seventh-largest