CPS committed to spend $60 million more on the proposed expansion of the South Texas Nuclear Project at its Board of Trustees meeting on Tuesday, which brings the city utility’s total expenditures on units 3 & 4 to $267 million.
The construction and operating license still languishes at the NRC, almost a year and a half after being submitted.
Somewhat lost amid the honorings, approvals, and statements of the Board meeting was the fact that STP 3 & 4 ranking for DoE’s loan guarantees has slipped from #1 to #3 (out of 14). Updated rankings will be out in March. 3rd seems respectable. It’s a bronze medal, right? Well, there’s only $18.5 billion slotted for loan guarantees and each reactor can cost $6-who-knows-how-many-billions.
Gschwartz’s piece on this week’s Board of Trustees meeting sums things up pretty well on SA Current’s Queblog. The Express-News touched on it here and here.
-Matt
