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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 24, 1981)
>, } age 14 THE BATTALION THURSDAY, SEPTEMBER 24, 1981 !! 'r «s ■ s k ;> ',S ! S ■s I > ■ S Firewater Dancing Country Music People Watching Billiards (By the Hour) Electronic Games Moji.-Frl. 5-12 p.m Sat. 5 p.m.-l a.m. HOURS: COWBOY HAPPY HOUR! Monday-Saturday 5 p.m. 'til 7 p.m. ALL DRINKS ¥2 PRICE! LADIES I No Cover Charge Monday-Thursday Plus One Free Bar •rink or Beer! A 2820 Pinfeather in Bryan • 775-0494 (Where Bryan and College Station Come Together) "THE MOST FUN YOU CM HAVE TONIGHT! ft oil terminal given federal approva United Press International HOUSTON — More than a de cade’s work in trying to get per mits and backers to build an oil terminal off the Texas coast may be nearing conclusion, even though the original sponsors have long since gone. Texas Offshore Port Inc. has been approved to build the tank er- unloading terminal off Freeport and appears on the brink of succeeding where its forerun ners — Seadock Inc. and the Texas Deepwater Port Authority — failed in the past 10 years. “I think these people are se rious this time,” said George Pierides, engineer in the Federal Ports Division of the Department of Transportation. “They see the need for bringing in their own oil. Transportation Secretary Drew Lewis Monday approved a license Monday that would allow TOP to build the $191 million, 500,000- barrel-a-day terminal in 71 feet of water, 12 miles south of Freeport. TOP, a consortium of oil and You asked for more. We’re delivering it. More in the Morning from the Eagle. The new Eagle delivers more — and now it arrives in the morning. You get more sports, more enter tainment information, more TV listings, more local news, more news about your home town, more coverage of Texas events, more national and international news, more business news, more stock mar ket reports, more fash ion, more features and more. and non-readers what they wanted from a daily newspaper. Most of them liked our paper but nearly everyone asked for more informa tion, more diversity, more choices. The new Eagle has more of the things you asked for—and it arrives at the best time of the day. Now you can start your day with the latest scores, the newest fash ions, the closing markets and an update on the news. Shoppers get an early start on the day’s sales. Fun seekers get a preview of the entertainment opportunities in the evening. We recently asked hundreds of readers If you’re not a sub scriber to the Eagle, you’re missing more every morning. Call us. Say “I want more in the morning.” We’ll deliver. FOR SUBSCRIPTION: CALL 779-2345 and ask for “More in the Morning’ .5? petrochemical companies, now has the option of accepting or re jecting the license depending on whether it is satisified with condi tions imposed by the government. TOP President Charles Brace — who believes offshore ports are needed for tankers which are too big for onshore ports and who foresees oil importation con tinuing for decades — was optims- tic but cautious. “We may or may not be on the verge of succeeding, ” Brace said. “All we have now is a license, the terms of which seem to be better than we’ve ever seen before (in Texas).” He said the new license has a more limited expansion clause, limiting federal ability to force en largement of the terminal, and a more favorable open ownership clause, allowing closing of the TOP club when financing is finished. Brace said that proceeding with the 18-month construction pro ject, now aiming for completion in 1984, depends on the worldi supply, the ability to arnit financing and decisions by i companies involved in thecoiisu. tium. Two earlier attempts to pc together a Texas offshore port — essentially the encU; underwater pipeline thatcaalj used to unload oil tankersoffslm — failed. Louisiana currentlyfe the nation’s only such facility, Seadock tried to build aterai al 26 miles off Freeport in the» ly 1970s hut gave up afteroversa sources of oil became uncerti and investors began backings The Texas Deepwater Port y thority in 1978 revived Seadodi plans but also failed becausepoj vate companies refused to user agreements commit them topumpsomuchoiltkn the pipeline or pay the differed Pierides said TDPA finance; legislation, which is stil on Texas lawbooks, might providee avenue for financing the 1 plan. Surplus power may light Texas United Press International KNOXVILLE, Tenn. — Sur plus electricity from Tennessee Valley Authority’s nuclear plants may be lighting homes in Texas if an agreement can be worked out for sale of the power, officials say. Preliminary talks are under way on the possible sale of surplus electricity from the seven-state federal utility to Houston Power & Light, officials of the Texas com pany said Tuesday. Sale of the power would be a plus in favor of completing at least a part of TVA’s nuclear construc tion program, the largest in the nation. TVA has dramatically reduced the building project because of projections showing the utility is building too much power for a de clining demand. The agency had originally plan ned seven plants and 17 nuclear reactors, but has scaled down the program because of a drop in elec tric consumption, rising costs and projections showing much of the atomic-produced power would not be needed. At today’s estimates, it would cost $31 billion to complete all 17 reactors. The Phipps Bend Nuclear Plant near Surgoinsville, Tenn., was de ferred by TVA during the summer and three other atomic reactors were put on hold because of the projections. In 1979, TVA defer red four of the reactor units k cause the utility was much power for the expected4 mand in the late 1980s and 1! Utility officials have indicate that if demand continues todroy another nuclear plant, X More c Unitec AUSTIN said passag |g wiretap Ills in the [as “only I •ort by T ime. Creek in Mississippi, will haveT think be mothballed. But TVA oiciallhe next leg stress no decision has been niailQO even be on deferral of the plant. I Clemen Jim Parsons a spokesman (ilpesday afi HLP said Houston’s power swltion passed tern, which serves about 1 milfelniittee of th customers, is based 90 percentiition comme natural gas-fired turbines ai:|in behalf of coal-fired units. Both are expea (on and in: sive in comparison to nuclearp pent, er. He said the utility is buildiii The go’ additional generating units, bi kept the would not have enough poweris e associa the 1980s. arking wit “If we can buy it cheaper b emsp | vp<; we can build it, then certainlyfc | t ^ ^ ass The surg would be attractive to us, Parsons. .ufthne legis officials confirmed TVA omciars connrmeu ** ovement talks with the utility but decliad I to give other details. A TO spokesman would not reveal W eo p] e () f much power the agency is Wfc.Thisi. to sell to HLP. TVA spokesman Carl Crawfod [belly ful indicated a kilowatt of electricil! at one of TVA’s nuclear plantspff sently costs about nine-tenths oil cent to generate, while natural?* and coal ranges from about l cents to 6 cents per kilowatt. ese crimi kes and th Monday — Shrimp Feast 7 p.m.-lS p,ni, Fried Shr AH you for 6.95 Tuesday - V* price Cover Wedncsd 4.95 Sunday e jiours 9^.18 p .i nks, Live Band and 3 S M 7 p.m.-12 p.m. all stea 75 Longnccks 4 > ||yJ£ im PI AY1NG ■IV, STONE dt ofr nm c G We’re tooting our own horn. • Battalion Classifieds Call 845-2611 w w c< *An