STP News Release |
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SOUTH TEXAS PROJECT RANKS AMONG June 24, 1997 -- Bay City, TX -- The Utility Data Institute last week released its official 1996 U.S. nuclear industry performance statistics, with the 2,500-megawatt South Texas Project ranking among the most efficiently operated plants in terms of production costs. Production costs are a calculation of the annual total of a plant’s operations and maintenance (O&M) costs and fuel costs divided by the amount of electricity generated. According to UDI’s data, STP placed tenth in the nation for least-cost electricity production from nuclear energy in 1996. In addition, STP Unit 2 ranked second in the U.S. and sixth in the world for electrical generation in 1996, with STP Unit 1 ranking third and seventh in the same respective categories. There are 109 operating nuclear units in the U.S. and 435 world-wide. Bill Cottle, STP executive vice president and general manager, Nuclear, attributed gains in operations efficiency to two fundamental efforts. "First, our entire team of employees shares a collective goal to operate STP to the highest safety and reliability standards," Cottle said. Improved safety and reliability performance results in superior plant material condition, which directly translates into greater generating performance, said Cottle. "The second major factor is our business planning process, which we use to establish long-range goals in the areas of nuclear safety, reliability, cost and performance. As a team we collectively set and aggressively pursue these goals that are tied to our annual budgets. We will continue to challenge ourselves to set and meet the highest of standards in these areas, with our utmost emphasis remaining on the safe, reliable operation of STP." |
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| For additional
information, call or E-mail: Alan Mikus, Public Information Officer 361-972-7217 amikus@stpegs.com |