Michele Kearney's Nuclear Wire

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

Wednesday, April 13, 2016

Economic Study Chronicles San Onofre Closing

 
Economic Study Chronicles San Onofre Closing

If the positive impact of nuclear power were not obvious enough, perhaps the negative consequences of closing a nuclear power plant will wake up the public to the role of nuclear power in the country's energy mix.

That's the message behind a couple of news reports this week that cite a new study by economists Lucas Davis from the University of California, Berkeley, and Catherine Hausman of the University of Michigan, that chronicles the repercussions of the closing of the two operating reactors of the San Onofre nuclear power plant in southern California.

The study found that in the year following the San Onofre closing, electricity generation costs rose by $350 million and that carbon dioxide emissions rose by 9 million tons, which is the equivalent of putting 2 million more cars on the road, wrote University of Michigan economics professor Mark J. Perry in a story that appeared in The Detroit News and the American Enterprise Institute, where Perry is affiliated. Read more or comment>>>>http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2016/04/13/economic-study-chronicles-san-onofre-closing-041301#.Vw6benCGhRl

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