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Iowa Utilities Board OK’s Alliant ending nuclear power purchase: Duane Arnold nuclear plant to shut down

State board OK’s Alliant ending nuclear power purchase, The Gazette, 11 Jan 19Alliant Energy’s request for a settlement that will allow the utility to end its purchase of energy from Duane Arnold Energy Center has been approved.

The Iowa Utilities Board’s approval of Alliant’s request to recover a one-time $110 million payment allows the utility to end its purchase of power from the state’s sole nuclear power plant. The plant, based in Palo, is slated to shut down in late 2020 — five years sooner than the current power purchase agreement between NextEra Energy Resources and Alliant Energy.

The Iowa Utilities Board announced the settlement agreement in a Thursday news release.

Duane Arnold, which first began producing power in 1975, is about 9 miles northwest of Cedar Rapids and is one of the larger employers in Linn County. The power plant, at 3277 Daec Road, is owned by Florida-based NextEra Energy Resources……..https://www.thegazette.com/subject/news/business/state-board-approves-alliants-plan-to-close-duane-arnold-in-2020-20181213

 

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January 12, 2019 - Posted by | business and costs, USA

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