SOUTH TEXAS PROJECT

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SOUTH TEXAS PROJECT The Nuclear
Power Renaissance Kevin Richards
May 2007
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The Outlook For Our Earth?

• 1.6 billion people one quarter of the worlds
  population, have no access to electricity.
• A lack of electricity exacerbates poverty and
  contributes to its perpetuation as it precludes
  most industrial activities and the jobs they
  create.

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Electricity Around the World
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Forecast Electricity Demand
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US Portfolio
18.6 Natural Gas
3.0 Oil
19.4 Nuclear
Coal 49.9
6.4 Hydro
2.7 Renewables
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Maintaining Current US Energy MixThrough 2025

• 50 Nuclear Reactors (1000MWe)
• 261 Coal fired plants (600MWe)
• 279 Natural gas plants (400MWe)
• 93 Renewables (100MWe)

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Industry Plans Challenging
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Construction Projects Past

• Standard construction techniques
• Type writers and carbon paper
• Information technology
• Integrated schedules
• Communication and collaboration skills
• Fear and intimidation
• Overall brute force

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Project Culture-Key Success Factor

• Project management finesse
• STP culture-couple best construction
• High standards of excellence
• Planning mentality
• Strong communications
• Collaboration decision making
• Teamwork
• Project management tools

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Why Build Nuclear?

• Performance of existing fleet
• Energy Policy Act of 2005
• Predictable and economic
• Clean and low emissions

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CO2 Emissions Existing Fleet
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Why Build in Texas?
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The ABWR

• The certified design
• Supply chain
• Construction track record
• Four similar plants operating in Japan
• Plants under construction

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Why Build at STP?

• ERCOT
• Location and large site
• Infrastructure
• Local community support
• Local and state governments

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Project Focus

• Safe and reliable operation of existing units
• Total project approach
• COLA
• Contracts and procurement
• Modularization plan
• Long term staffing and training
• Challenges

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• Question/Answer