nuclear-news

The News That Matters about the Nuclear Industry

It’s official – Three Mile Island nuclear power station to shut down in September 2019

TMI another step toward shutdown, as Exelon notifies Nuclear Regulatory Commission, June 23, 2017 Press & Journal  Exelon Generation Co. officially notified the U.S. Nuclear Regulatory Commission this week of its intent to shut down Three Mile Island Nuclear Station in September 2019.

J. Bradley Fewell, senior vice president for regulatory affairs and general counsel, Exelon Generation, signed the letter sent to the NRC, which was dated June 20. Exelon is based in Warrenville, Illinois, in Chicago’s western suburbs.

The letter is part of the official process to shut down the plant “due to severe economic challenges,” it states. A nuclear plant cannot be reopened once permanently shut down…….

TMI has failed to clear the past three auctions held by PJM, which basically means that TMI is not able to produce electricity at the price that the market is willing to pay.

“Three Mile Island Unit 1 is unprofitable and has lost more than $300 million over the past five years despite being one of Exelon’s best-performing plants,” states the letter to PJM, signed by Bryan C. Hanson, senior vice president of Exelon Generation, and president and chief nuclear officer of Exelon Nuclear……

Advertisements

June 24, 2017 - Posted by | business and costs, USA

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: