Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, July 22, 2013

Nuclear power may face an economic meltdown


Nuclear power may face an economic meltdown
WTOP
WASHINGTON - A new report indicates that nuclear power may be facing a very uncertain future. It's not environmental opposition or safety issues that could kill it, but the economy, says energy economics analyst and consumer advocate Mark Cooper.http://www.wtop.com/93/3396021/Nuclear-power-may-face-an-economic-meltdownhttp://www.wtop.com/93/3396021/Nuclear-power-may-face-an-economic-meltdown

REPORT: OVER THREE DOZEN U.S. NUCLEAR REACTORS AT RISK OF EARLY RETIREMENT, 12 FACE GREATEST SHUTDOWN PRESSURE
In Wake of San Onofre, Crystal River & Kewaunee Shutdowns, Cooper Outlines Next Nuclear Reactors Under the Greatest Pressure to Close Down; Reactors in AL CA, CT, FL, IL, IA, KS, MD, MA, MI, MN, MO, NE, NH, NJ, NY, OH, PA, SC, TN, TX, VT, and WI on "At Risk" List.
Read the full 07.17.13 news release here.
View the related Cooper report here.
Listen to the 07/17/13 news conference audio here.

Using 11 risk factors -- including competition from lower-cost energy sources, falling demand, safety retrofit expenses, costly repairs, and rising operating costs - identified in three different Wall Street analysis reports from Moody's, UBS, and Credit Suisse, the Cooper report finds:
38 reactors in 23 states exhibited four or more of the 11 risk factors. The 23 states with at-risk nuclear reactors are: Alabama (Browns Ferry); California (Diablo Canyon); Connecticut (Millstone); Florida (Turkey Point); Illinois (Clinton, Dresden, LaSalle, and Quad Cities); Iowa (Duane Arnold); Kansas (Wolf Creek); Maryland (Calvert Cliff); Massachusetts (Pilgrim); Michigan (Cook, Fermi, and Palisades); Minnesota (Monticello and Prairie Island); Missouri (Callaway); Nebraska (Cooper and Ft. Calhoun); New Hampshire (Seabrook); New Jersey (Hope Creek and Oyster Creek); New York (Fitzpatrick, Ginna, Indian Point, and Nine Mile Point); Ohio (Davis-Besse and Perry); Pennsylvania (Limerick, Susquehanna, and Three Mile Island); South Carolina (Robinson); Tennessee (Sequoyah); Texas (Comanche Peak and South Texas); Vermont (Vt. Yankee); and Wisconsin (Point Beach).



http://216.30.191.148/atriskreactors.html

Nuclear Closures at Entergy to Exelon Seen on Obama Plan

Businessweek - ‎2
Nuclear reactors that light New York City and Chicago with carbon-free electricity face possible extinction before they can reap the benefits of President Barack Obama's proposed climate rules. Entergy Corp. (ETR:US)'s Indian Point power plant in New York ...http://www.businessweek.com/news/2013-07-21/nuclear-closures-at-entergy-to-exelon-seen-on-obama-plan-energy

Study: TMI, other nuclear plants could close early

witf.org -
(Royalton, Vt.) -- A new study shows economic factors like competition from natural gas could force Three Mile Island and two other Pennsylvania nuclear power plants to close before their licenses run out. Researchers at the Institute for Energy and the ...http://www.witf.org/news/2013/07/study-tmi-other-nuclear-plants-could-close-early.php

Calvert Cliffs Nuclear Plant at Risk for 'Early Retirement,' Report Says

Southern Maryland Online -
Calvert Cliffs Nuclear Power Plant was listed as one of almost 40 nuclear reactors across the U.S. that is at risk of closing early, according to a new report from the Institute for Energy and the Environment at Vermont Law School. The lone commercial nuclear ...http://somd.com/news/headlines/2013/17006.shtml

Reactor Reax Top Stories

Salem-News.Com -
Salem-News.com. "Reactor Reax" is featured on www.NuclearBailout.org, a Web site maintained by Physicians for Social Responsibility. Nuclear hazard. (WASHINGTON DC) - The U.S Nuclear Power Industry's Dim Future, Bloomberg Businessweek, July 18, ...http://www.salem-news.com/articles/july212013/reactor-reax.php

Three Mile Island nuclear plant on the verge of 'economic abandonment,' study ...

Lancaster Newspapers -
The Three Mile Island nuclear plant is one of 38 in the United States "poised on the razor's edge of economic abandonment" and could be shuttered early, according to a report. Like other aging nuclear plants, TMI faces declining profits for its power in the ...http://lancasteronline.com/article/local/874776_Three-Mile-Island-nuclear-plant-on-the-verge-of--economic-abandonment---study-finds.html

Report: Limerick nuke plant among those at risk for early closure

The Reporter -
LIMERICK — Have the economics of nuclear power doomed the Limerick nuclear plant to early closure? Mark Cooper, senior fellow for economic analysis at Vermont Law School's Institute for Energy and the Environment, thinks that may be the case. http://www.thereporteronline.com/article/20130721/NEWS01/130729943/report-limerick-nuke-plant-among-those-at-risk-for-early-closure

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