with NINA to buy an even larger share, despite the fact that he was hired at a time CPS was charging NINA of defrauding San Antonio.
Subsequent to finalizing the 7.6% sale to CPS, NINA cut TEPCO a sweetheart deal.
They were allowed to buy a 10% share in the project for only 180 million dollars. That TEPCO got a larger share for one-tenth the price that CPS was snookered into paying has barely been mentioned in San Antonio. What once would have been a cause for clearing
leather now doesn't rate a yawn in Texas.
Since San Antonio paid in full and in advance for its share, no other investor has paid anywhere near the rate CPS termed "a great deal". Aside from the slice slipped to TEPCO, NINA has not been able to interest anyone else in injecting cash into the syndicate, after they burnt through San Antonio's cash, they declined to spend their own money, and work at the site was drastically reduced.
For the fourth quarter of 2010, NRG declared a loss. For the entire year, this leading energy conglomerate declared a profit of only 485 million dollars. In other words, if it were not for the four hundred million advanced by the public utility CPS, the private energy giant NRG would barely have shown any profit at all for 2010.
The events at Fukishima today may very well lead to San Antonio tomorrow. Of the six members of the powerful consortium designed to revive the Japanese economy by exporting nuclear construction to Third World markets such as the United States, two;
Toshiba and TEPCO are already involved in Texas. TEPCO, Asia's largest utility, has been welcomed with a sweetheart deal that makes a mockery of the people of San Antonio, despite its long and well-documented record of cutting corners on safety. The clouds of radioactivity spreading from its most recent failure at Fukishima have shined a new light on the Texas project.
CPS has backed off buying a larger share, pending future developments.
In fact, the entire project in Texas is now in doubt. This is not because the people of San Antonio, or Texas, are up in arms. It's because of Fukishima.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
