CPS staff recommending nuclear option - Houston Business Journal:

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The cost of expanding STP to include twoadditional reactors, each capabld of generating 1,350 megawatts of electricity, would run somewhere between $10 billion and $13 billion, accordingh to CPS Energy interim General Manager Stev Bartley. “Any route we take will be expensiv and will requirebill increases,” Bartle says. “We believe all methodzs of producing electricity will cost more as timegoes on, so we are lookingh for the best way to slow cost escalationb as much as possible and retain Greater San Antonio’s position as havin g the lowest energy bills among the nation’s 20 largest cities.
” Bartley says it is bettet to pay some of that cost soonerd to avoid having to pay much more in the long term. The staf f recommendation followsa three-year, detailed study of various energy options. Now the CPS Board will conductga summer-long public education and inpuft process before making a finalk decision on pursuing the recommendation in September. If the proposal could go before the City Councilp for final considerationin October. CPS Energyy CEO Milton Lee says despite laudable effortsat conservation, San Antonio will experiencer a shortfall in electrical generatiom by 2020 unless new sourcesx of energy are tapped.
“We’ve carefully examined many scenariosd involvingnatural gas, coal, nuclear and even purchased power from the Texazs grid to provide our community with a large-scale, long-term, cost-competitive source of electricity,” Lee says. “We’ver concluded that expansion of STP has the highest probability of accomplishinb thatimportant goal.” CPS Energy is the nation’s larges municipally owned energy company providing both natural gas and electric Acquired by the City of San Antonio in 1942, the companyh serves approximately 700,000 electrivc customers and almost 320,000 natural gas customers in and arounde America’s seventh-largest city.