South Carolina Spent $9 Billion on Nuclear Reactors That Will Never Run. Now What? The legislature must decide whether residents will keep being charged, possibly for decades, for the failed project. It has to be one of the greatest wastes of money in any state’s history. Last summer, two utility companies halted construction on nuclear reactors in South Carolina. They had already sunk more than $9 billion into the project, which will never be completed or generate a kilowatt of power. The state is now trying to figure out who’s to blame, and who will pay.
Governing 28th January 2018 read more »
FirstEnergy Corp.’s nuclear power plants (NPPs) near Toledo, Ohio, Cleveland, and northwest of Pittsburgh, are likely to be closed before their operating licenses expire, a company executive said last week. No date has been set for the potential closures, and selling the plants will be almost impossible because of the costs to operate them in deregulated electricity markets, James Pearson, FirstEnergy’s chief financial officer, told The Toledo Blade newspaper.
Kallanish Energy 29th Jan 2018 read more »