Austin poised to reject nuclear-plant expansion

From statesman, February 12, 2009...

The proposed expansion of a South Texas nuclear plant would probably finish billions of dollars over budget and years late, and investing in the deal would be too risky for the City of Austin even under the most optimistic financial projections, according to an independent report commissioned by the City Council.

The council must vote today on whether to participate in the expansion. Following the advice of a nuclear power consultant and Austin's electric utility, the council is scheduled to say no to the proposal, which would put the city on the hook for as much as $2 billion in construction costs, in addition to its current commitment to the South Texas Project.

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