Settlement Averts Meltdown For Texas Nuclear Project

Law360, New York (February 18, 2010, 12:36 PM EST) -- NRG Energy Inc. and San Antonio's main power utility have reached a deal in a dispute over contracts for the building of two nuclear reactors, which the parties say will put the project in contention for loan guarantees from the federal government.

Nuclear Innovation North America LLC — NRG's nuclear energy development unit — and San Antonio's CPS Energy on Wednesday announced the deal, which will see NINA take a 92.375 percent ownership stake in the construction of two nuclear reactors in Bay City, Texas....
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