Government Energy Policy, Business and Technology

New Wind & Solar Lower Greenhouse Gas Emissions & Cost Less Than Keeping Aging Nuclear Power Plants Running

Clean Technica: Recently, we have seen a spate of older nuclear reactors shut down by their owners for economic reasons. One of the first bellwethers of this trend was the Kewaunee power plant closure. While the public at large may not be aware, nuclear power plant owners are aware of the increasing costs of aging reactors and have responded accordingly. A recent quote from the head of Dominion following the Kewaunee closing tells the story. Thomas Farrell II, chairman, president, and CEO of Dominion, stated:

“This decision was based purely on economics. Dominion was not able to move forward with our plan to grow our nuclear fleet in the Midwest to take advantage of economies of scale.”

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