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Austin won’t sign off on nuclear plant expansion – Austin Business Journal:

 Austin won’t sign off on nuclear plant expansion
Austin Business Journal  February 12, 2009  “The Austin City Council voted on Feb. 12 against participation in the proposed expansion of a South Texas nuclear plant………………………

Worley Parsons, a consultant the city hired to evaluate NRG’s proposal, concluded that an Austin investment in the proposed project could have the city paying $2 billion or more over at least the next seven years.

That sum would require a significant sum of debt relative to Austin Energy’s size, the analysis said, that could in turn result in a downgrade of its credit rating and lead to higher future borrowing costs.”

Austin won’t sign off on nuclear plant expansion – Austin Business Journal:

February 13, 2009 - Posted by Christina Macpherson | business and costs, USA