Nuclear Estimate

Proposed nuclear reactors to cost up to $13 Billion

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Nuclear Estimate

KIIITV News

Story Created: Jun 30, 2009 at 10:11 AM CST

Story Updated: Jun 30, 2009 at 10:11 AM CST

SAN ANTONIO (AP) - Two additional nuclear reactors being considered by San Antonio's public utility will cost up to $13 billion, according to new cost estimates.

CPS Energy officials want to build the $10 billion to $13 billion reactors at the South Texas Project outside Bay City, saying its the most cost effective way to get additional power. CPS Energy owns 40 percent of the project. New Jersey-based NRG Energy owns the remaining portion, and the utilities would split the cost.

San Antonio ratepayers would be hit with a 5 percent rate increase every other year for the next decade to pay for the expansion.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
AP-NY-06-30-09 1203EDT

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