A nucear power plant costs $15-20 billion to build two units - need a grant to build it...it should not cost the taxpayers, but it is a federal loan. We are working to build more in Tx - and it takes 5-6 years to build. But now, it is emission-free technology and the fuel costs are minimal. It is economically sustainable for 50-some-odd years.
Texas has more wind generation than any other states, but the problem with wind is volitility and storeage. Wind blows at night and in W TX but it blows when demand is the least. The challenge for the legislatuer and PUC is to create the right incentive programs for storeage, and the right storeage.
We have a huge opportunity for renewable in Texas.
- Phil Wilson, SVP, Public Affairs, Luminant (on panel "Outlook for the Economy"
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