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Diseconomics of nuclear power leading to more shutdowns

Group warns more nuclear power plants may shut down By Luther Turmelle, New Haven Register 02/14/14              The chief executive officer of a trade group representing the nuclear power industry warned Wall Street analysts Thursday that more power plants in the sector may be headed for shutdown…….Joel Gordes, a West Hartford-based energy consultant, said there are other issues beyond the way competitive power markets are structured that work against the long term viability of the nuclear power industry in the United States .

The ages of the existing plants isn’t conducive to attracting new investments,” Gordes said. “And (the nuclear accident) at Fukushima has created a whole new perspective on the nuclear industry.”

Another factor working against the long-term viability of nuclear power plants is the move toward distributed generation of power in the United States, he said. Distributed generation is a term used to describe the use of small-scale power producing technologies to generate electricity close to the end users of power.

“By their very nature, nuclear power plants require economies that only come in a very large scale,” Gordes said…http://www.nhregister.com/business/20140214/group-warns-more-nuclear-power-plants-may-shut-down

February 15, 2014 - Posted by | Uncategorized

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