{"id":11544,"date":"2010-02-19T12:00:00","date_gmt":"2010-02-19T09:00:00","guid":{"rendered":"https:\/\/vo.afonico-test.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/"},"modified":"2010-02-19T12:00:00","modified_gmt":"2010-02-19T09:00:00","slug":"resolution-on-texas-nuclear-development","status":"publish","type":"post","link":"https:\/\/vosafety.ru\/en\/novosti-otrasli\/resolution-on-texas-nuclear-development\/","title":{"rendered":"Resolution on Texas nuclear development"},"content":{"rendered":"

Plans to expand the South Texas Project nuclear power plant appear to be back on track after a legal truce between partners.<\/strong><\/h4>\n

In late January, investors were warned that the project would be abandoned without agreement between then 50% stakeholder CPS Energy and the other developer Nuclear Innovation North America\u00a0\u2014 a partnership between NRG Energy and reactor provider Toshiba.<\/p>\n

CPS had wanted to withdraw from the project, triggering a dispute over ownership that escalated enough to threaten this development as well as any future plans for the South Texas Project site. Yesterday\u2019s deal means that CPS will reduce its shareholding to 7.625%, leaving Nina with 92.375% and full control of the project and free to find other partners.<\/p>\n

The CPS share is in line with its investment to date of over $300\u00a0million that covered half of development costs up until the end of January. From now on all costs\u00a0\u2014 to the order of $10\u00a0billion\u00a0\u2014 are to be met by Nina.<\/p>\n

Nina will also take a corresponding majority of the 2600\u00a0MWe that the new reactors will produce, with just 200\u00a0MWe going to CPS. Nina is also to make two $40\u00a0million payments to CPS after gaining a loan guarantee with its support and put $10\u00a0million into a local non-profit energy partnership led by CPS.<\/p>\n

Nina announced that Nuclear Regulatory Commission approval of for a combined construction and operating license, and a \u2019full notice to proceed\u2019 are anticipated in 2012. At that point, the engineering procurement and construction contract with Toshiba \u201cconverts to a lump-sum turnkey contract with customary warranties, performance and schedule guarantees and liquidated damage provisions.\u201d<\/p>\n

In January, NRG chief David Crane said Toshiba and Fluor \u201care on track for a number below $10\u00a0billion\u201d for the two Advanced Boiling Water Reactors.<\/p>\n

Back from the brink<\/strong><\/p>\n

Nina promotes its project as among the most promising in the USA in that it is based on a ready-certified design that has been operating well overseas for more than ten years. It claims to be among the front-runners for loan guarantee support from the US Department of Energy.<\/p>\n

However, the legal battle over how CPS could reduce its involvement in the project put this status in such jeopardy that NRG warned of shelving the entire project and apologised for trusting CPS.<\/p>\n

Legal arrangements for the existing STP power plant granted existing partners a right to an equivalent share of any further development on the site. That meant NRG had a right to hold 44%, CPS could take 40%, and the City of Austin, 6%.<\/p>\n

When new build was first discussed, Austin declined to take part and great enthusiasm from CPS saw it enter a 50\u201350\u00a0partnership with NRG Energy. But CPS\u2019s analysts had been overly optimistic and the firm later decided it wanted to reduce shareholding. Soon after, its governors vetoed a vital bond issue and an internal investigation began into executive knowledge of cost estimates.<\/p>\n

At that point a legal war began with CPS looking to withdraw from the project while demanding $32\u00a0billion in damages and NRG angry that CPS had signed and invested without the endorsement of San Antonio City Council.<\/p>\n

This reached a legal dead end when CPS demanded to cease payments for development yet retain 50% control of the new reactors as well as any future ones. In this impossible situation, a judge declined to rule on the matter and told the firms to find a way forward on their own.<\/p>\n

Steve Winn of Nina said the resolution was of \u201ctremendous importance\u201d and means there are \u201cno conflicts preventing new partners from joining the project.\u201d<\/p>\n

Both sides thanked Texas Public Utility Commission chairman Barry Smitherman for facilitating their discussions and Nina added that it was looking forward to working with public officials to secure the loa<\/p>\n","protected":false},"excerpt":{"rendered":"

Plans to expand the South Texas Project nuclear power plant appear to be back on track after a legal truce between partners. In late January, investors were warned that the project would be abandoned without agreement between then 50% stakeholder CPS Energy and the other developer Nuclear Innovation North America\u00a0\u2014 a partnership between NRG Energy…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-11544","post","type-post","status-publish","format-standard","hentry","category-novosti-otrasli"],"translation":{"provider":"WPGlobus","version":"3.0.6","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false}}},"acf":[],"yoast_head":"\nResolution on Texas nuclear development - JSC \u201cVO \u201cSafety\u201d<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resolution on Texas nuclear development - JSC \u201cVO \u201cSafety\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/\" \/>\n<meta property=\"og:site_name\" content=\"JSC \u201cVO \u201cSafety\u201d\" \/>\n<meta property=\"article:published_time\" content=\"2010-02-19T09:00:00+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/vosafety.ru\\\/#\\\/schema\\\/person\\\/59a2ff5228288f09354f468b746938fc\"},\"headline\":\"Resolution on Texas nuclear development\",\"datePublished\":\"2010-02-19T09:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/\"},\"wordCount\":623,\"commentCount\":0,\"articleSection\":[\"\u041d\u043e\u0432\u043e\u0441\u0442\u0438 \u043e\u0442\u0440\u0430\u0441\u043b\u0438\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/\",\"url\":\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/\",\"name\":\"Resolution on Texas nuclear development - JSC \u201cVO \u201cSafety\u201d\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/vosafety.ru\\\/#website\"},\"datePublished\":\"2010-02-19T09:00:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/vosafety.ru\\\/#\\\/schema\\\/person\\\/59a2ff5228288f09354f468b746938fc\"},\"description\":\"JSC \u201cVO \u201cSafety\u201d - Resolution on Texas nuclear development\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/vosafety.ru\\\/novosti-otrasli\\\/resolution-on-texas-nuclear-development\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430\",\"item\":\"https:\\\/\\\/vosafety.ru\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resolution on Texas nuclear development\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/vosafety.ru\\\/#website\",\"url\":\"https:\\\/\\\/vosafety.ru\\\/\",\"name\":\"JSC \u201cVO \u201cSafety\u201d\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/vosafety.ru\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/vosafety.ru\\\/#\\\/schema\\\/person\\\/59a2ff5228288f09354f468b746938fc\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ccc980f5b68fb26f18fe24792459a7167cc5b48762e5b06c3877ca35f80cabf?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ccc980f5b68fb26f18fe24792459a7167cc5b48762e5b06c3877ca35f80cabf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ccc980f5b68fb26f18fe24792459a7167cc5b48762e5b06c3877ca35f80cabf?s=96&d=mm&r=g\",\"caption\":\"admin\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Resolution on Texas nuclear development - JSC \u201cVO \u201cSafety\u201d","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/","og_locale":"en_US","og_type":"article","og_title":"Resolution on Texas nuclear development - JSC \u201cVO \u201cSafety\u201d","og_url":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/","og_site_name":"JSC \u201cVO \u201cSafety\u201d","article_published_time":"2010-02-19T09:00:00+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/#article","isPartOf":{"@id":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/"},"author":{"name":"admin","@id":"https:\/\/vosafety.ru\/#\/schema\/person\/59a2ff5228288f09354f468b746938fc"},"headline":"Resolution on Texas nuclear development","datePublished":"2010-02-19T09:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/"},"wordCount":623,"commentCount":0,"articleSection":["\u041d\u043e\u0432\u043e\u0441\u0442\u0438 \u043e\u0442\u0440\u0430\u0441\u043b\u0438"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/","url":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/","name":"Resolution on Texas nuclear development - JSC \u201cVO \u201cSafety\u201d","isPartOf":{"@id":"https:\/\/vosafety.ru\/#website"},"datePublished":"2010-02-19T09:00:00+00:00","author":{"@id":"https:\/\/vosafety.ru\/#\/schema\/person\/59a2ff5228288f09354f468b746938fc"},"description":"JSC \u201cVO \u201cSafety\u201d - Resolution on Texas nuclear development","breadcrumb":{"@id":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/vosafety.ru\/novosti-otrasli\/resolution-on-texas-nuclear-development\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430","item":"https:\/\/vosafety.ru\/"},{"@type":"ListItem","position":2,"name":"Resolution on Texas nuclear development"}]},{"@type":"WebSite","@id":"https:\/\/vosafety.ru\/#website","url":"https:\/\/vosafety.ru\/","name":"JSC \u201cVO \u201cSafety\u201d","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vosafety.ru\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/vosafety.ru\/#\/schema\/person\/59a2ff5228288f09354f468b746938fc","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ccc980f5b68fb26f18fe24792459a7167cc5b48762e5b06c3877ca35f80cabf?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ccc980f5b68fb26f18fe24792459a7167cc5b48762e5b06c3877ca35f80cabf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ccc980f5b68fb26f18fe24792459a7167cc5b48762e5b06c3877ca35f80cabf?s=96&d=mm&r=g","caption":"admin"}}]}},"_links":{"self":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/posts\/11544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/comments?post=11544"}],"version-history":[{"count":0,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/posts\/11544\/revisions"}],"wp:attachment":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/media?parent=11544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/categories?post=11544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/tags?post=11544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}