The oldest nuclear power plant in the United States will shut down in October, more than a year ahead of schedule. Chicago-based Exelon Generation says the Oyster Creek plant in Lacey Township, New Jersey, will close this fall. It had a deadline of Dec. 31, 2019, under an agreement with state authorities. The company says it is becoming too costly to operate the plant amid low power prices. In a release announcing the early shutdown, Exelon said the new timetable will help it “better manage resources as fuel and maintenance costs continue to rise amid historically low power prices.”
Power Engineering 2nd Feb 2018 read more »
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Connecticut state regulators said Dominion Energy Inc should offer evidence that its Millstone nuclear power plant is in danger of closing before participating in a state power procurement process that could boost its profits. The regulators said in a report Thursday that the company has not yet shown Millstone is in need of financial help, but noted the plant is critical to the state and the New England region in terms of fuel security and meeting greenhouse gas reduction targets.
Reuters 2nd Feb 2018 read more »