CPS Energy executives went to Japan to tell contractors they will not accept a significant cost increase to build a new power plant as a part of the South Texas Project expansion. The board of trustees was briefed on the trip at a meeting on Monday.
“As promised, we delivered a clear message from our community to the general contractor and constructor that we will not accept a significant cost-estimate increase to build new nuclear-fueled electrical generating units,” said CPS Energy Interim General Manager Steve Bartley.
Toshiba -- the general contractor for the project -- will have until December 31 to offer an estimate on the project. Speculation at the meeting was cost for the power plant could reach $17 billion. Once an estimate is received, CPS Energy will have until January 15th to decide whether to move forward or abandon the project.
CPS says they want the most reliable and affordable way to provide energy. However, the Energia Mia opposes the proposed expansion and says the city should look at other solutions.
“We still do not have a cost on the expansion, we still do not have a plan for nuclear waste, we still do not need it.” said Energia Mia member and former city councilmember Maria Berriozabal
CPS Energy trustee Stephen Hennigan says the dynamics of a proposed deal still need to be questioned and carefully looked over, but he is confident a plant will be built.
“I am optimistic the Japanese will provide a plant and provide power in Texas. The matter is if we (the city of San Antonio) are going to participate.”
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