Nuclear Plant Closures at All-Time High
Entergy announced it would close the 41-year-old Vermont Yankee plant next year, citing low natural gas prices, high operating costs as well as “artificially low” power prices, Bloomberg reports.
But the company’s battles went well beyond costs and competing technologies. State officials have been trying to close down the reactor – the only one in Vermont – for years.Â State legislators passed laws in 2005, 2006 and 2008 to make it tougher for the plant to renew its operating permits. Just this month, aÂ federal appeals court upheld a lower-court ruling against theÂ stateâ€™s efforts to close the plant.
The latest closure announcement follows similar news from Southern California Edison and Dominion.
The new reality for nuclear operators – between the shale gas boom and post-Fukushima public apprehension – is tougher than ever. But worries about nuclear are not without foundation, as continuing revelations about the Japanese reactor highlight. The industry may be paying the price now for years of less-than-stellar oversight. And while those plants with dubious safety records may be particularly vulnerable to closure, they will not be the only ones to suffer.
Tamar Wilner is Senior Editor at Environmental Leader PRO.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Con Edison Development Procures GE Energy Storage System
- Courthouse Replaces Oversized Boiler
- Indoor Farming Company Works on HVAC with PUE 1.0
- Toolkits Designed to Help Health Care Facilities Reduce Energy
- San Antonio Macyâ€™s Store Showcases Better Buildings Challenge Measures
- Natural Gas Gensets to Reach 27 GW of Installed Capacity by 2024
- Larson Releases a Solar Powered Generator with Manual Crank Mast
- Energy Efficiency in Food Service Businesses