CPS halts negotiations with NRG
San Antonio’s electric utility, CPS, has halted their negotiations on a power purchase agreement between CPS and STP’s expansion units 3 and 4. CPS’s CEO, Doyle Beneby, announced that CPS and NRG have mutually agreed to terminate their PPA negotiations at this point.
It would appear that the issues facing NRG’s Japanese partners (including Tepco, the beleaguered owners of the doomed Fukushima nuclear plant) are giving everyone pause in their relentless pursuit of the STP expansion.