Nuclear Power Renaissance-Not So Much-South Texas Project/CPS Energy Court Ruling Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


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Nuclear Power Renaissance-Not So Much-South Texas Project/CPS Energy Court Ruling
 


30 January 2010 at 1:29:34 PM
salon

Interesting.. from Texas Vox.

A critical court ruling today rang the first chime in what could be the death knell of the so-called “nuclear renaissance,” starting with the failed expansion of the South Texas Project (STP).

This afternoon’s ruling by 408th District Court Judge Larry Noll that CPS Energy can safely withdraw from the proposed STP expansion project without losing all its investment offers the utility and the city of San Antonio the cue they’ve been waiting for to exit the national nuclear stage. Combined with the NRG Energy CEO’s announcement during a shareholder and press conference call this morning that NRG would “wind down the project as quickly and economically as possible” if CPS withdraws or STP does not receive federal loan guarantees, this news marks a major blow to those who claim nuclear power is a viable alternative to fossil fuel energy.


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