CPS seeks $32 billion in STP damages
By Anton Caputo - Express-News
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RSSNuclear Innovation North America, CPS Energy's partner, claimed San Antonio's utility was in breach of contract and should lose the hundreds of millions it invested if it didn't agree soon to keep funding the deal.
NINA, which is a nuclear development joint venture between NRG Energy and Toshiba Inc., made the accusations in a response late Wednesday afternoon to a lawsuit CPS filed earlier this month.
Hours later, CPS shot back with new allegations against NINA, NRG and Toshiba, the project contractor.
In court documents, CPS claimed the companies engaged in “fraudulent, defamatory and illegal conduct” to “manipulate project costs for their collective benefit.”
CPS asked the court to award it at least $32 billion in damages.
“The message I want to send NRG and NINA is that we are not suckers,” CPS Acting General Manager Jelynne LeBlanc-Burley said Wednesday night. “A business solution will benefit both, the sooner we get out of the courts the better. But make no mistake, I am not afraid of having this issue resolved in the courts.”
NRG spokesman David Knox said the company hadn't had enough time Wednesday night to comment on CPS' allegations.
NINA President Steve Winn said earlier in the day that his company also preferred to settle the lawsuit quickly out of court so it could continue with the development of two proposed reactors at the South Texas Project.
“I think there are probably 20 different ways where there might be a solution that allows the project to go forward and the appropriate long-term decisions to be made by CPS,” Winn said. “Our goal right now is to get to a negotiated outcome as quickly as we can.”
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