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More early closures of nuclear stations as many USA plants cannot cover their operating costs

One-Fourth of U.S. Nuclear Plants Are at Risk of Early Retirement, Bloomberg, By May 16, 2018, 

Cheap electricity, high fixed costs pressure nuclear fleet
Outlook is particularly bleak in Midwest thanks to wind power

More than a quarter of U.S. nuclear power plants don’t make enough money to cover their operating costs, raising the threat of more early retirements.

Of the 66 nuclear power plants operating in the U.S., 24 are either scheduled to close or probably won’t make money through 2021, according Nicholas Steckler, an analyst with Bloomberg New Energy Finance. These at-risk sites have total generating capacity of 32.5 gigawatts, more than a quarter of the entire fleet, Steckler wrote in a reportTuesday.

It would cost about $1.3 billion a year to plug the revenue gaps for these struggling sites, Steckler and co-author Chris Gadomski said in the report. The study follows a similar analysis in March that showed that half of U.S. coal-fired power plant capacity is on shaky ground. …..

the industry has had success convincing policy makers in New York, Illinois and New Jersey to take steps toward bailing out struggling plants  …… the U.S. Energy Department is currently weighing a March request from FirstEnergy Corp.’s competitive power unit for government aid to help keep money-losing nuclear and coal-fired power plants online.

That said, the industry is increasingly challenged by sluggish power demand, cheap natural gas and the rise of renewable energy — especially in the Midwest where wind power is ascendant


May 16, 2018 - Posted by | Uncategorized

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