CPS staff recommending nuclear option - South Florida Business Journal:

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The cost of expanding STP to includ e twoadditional reactors, each capablde of generating 1,350 megawatta of electricity, would run somewhered between $10 billion and $13 according to CPS Energy interim General Manager Steve Bartley. “Anyy route we take will be expensivse and will requirebill increases,” Bartley says. “Wer believe all methods of producing electricity will cost more as timegoes on, so we are lookingf for the best way to slow cost escalatio n as much as possible and retain Greater San Antonio’s position as having the lowest energ y bills among the nation’s 20 largesyt cities.
” Bartley says it is better to pay some of that cost soonerd to avoid having to pay much more in the long The staff recommendation followws a three-year, detailed study of CPS’ various energy options. Now the CPS Boarde will conducta summer-long public education and input proces s before making a final decision on pursuing the recommendation in September. If the proposal could go before the City Council for final consideration in CPS Energy CEO Miltob Lee says despite laudabls effortsat conservation, San Antonio will experience a shortfall in electrical generation by 2020 unlessw new sources of energy are tapped.
“We’ve carefully examined many scenarios involvingnatural gas, nuclear and even purchasee power from the Texas grid to provide our communityy with a large-scale, long-term, cost-competitive source of electricity,” Lee says. “We’vwe concluded that expansion of STP has the highest probabilitg of accomplishing that important CPS Energy isthe nation’s largesg municipally owned energy company providing both natural gas and electrivc service. Acquired by the City of San Antoniooin 1942, the company serves approximately 700,0009 electric customers and almost 320,00o natural gas customers in and aroundf America’s seventh-largest city.