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Update on CPS Nuclear Project

By November 17, 2009

A couple of weeks ago, I told you about some really big price issues with CPS' proposed nuclear project.

The update: In a nutshell, CPS had originally been given an estimate of $13 billion for the controversial nuclear power project. However, the Toshiba Corporation gave an ammended proposal of $17 billion, which put the project in danger.

A team of CPS representatives was dispatched to Japan to discuss the increase, and though nothing has bee resolved, some deadlines have been set. Toshiba has until December 31st of this year to give a new proposal, and CPS has until January 15th to either accept or reject the proposal. So by mid-January we may (finally!) get an answer on this project.

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