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Despite recently renewed licences, Texas nuclear power stations look like closing before long

Nuclear power woes extend to Texas, Houston Chronicle,  James Osborne  March 24, 2019 WASHINGTON – By the standards of the U.S. nuclear energy industry, Texas’s two nuclear plants are fairly new. Neither one is more than three decades old, while many nuclear sites across the country are nearing the five-decade mark.

But as the economics of nuclear power in this country continue to slide, even the futures of the South Texas Project, near Bay City, and Comanche Peak, located 60 miles southwest of Dallas, are far from certain.

When Manan Ahuja, senior director of North American power at the research arm of credit rating agency Standard & Poor’s, recently updated his firm’s list of nuclear plants at risk of closing, he listed both Texas plants at “moderate” risk of closing as early as 2030 – despite the fact that NRG Energy recently renewed its operating license for the South Texas Project for another 20 years………

The situation in Texas mirrors  states across the country are grappling with, as nuclear power plants face increased pressure to reduce costs to compete with a surge of cheap natural gas and increasingly efficient wind turbines and solar plants. …….

According to S&P, over the next six years more than 10 percent of the nuclear power plants operating in this country have either announced they are closing or are at “high risk” of doing so – with another 15 percent at “moderate risk” of closure by 2033…….. https://www.houstonchronicle.com/business/article/Nuclear-power-woes-extend-to-Texas-13709604.php

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March 25, 2019 - Posted by | business and costs, USA

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