Half of existing nuclear power plants are no longer profitable. The New York Timesand others have tried to blame renewable energy for this, but the admittedly astounding price drops of renewables aren’t the primary cause of the industry’s woes — cheap fracked gas is.
Think Progress 4th Aug 2017 read more »
New York state recently set a terrible example by approving a $7.6 billion bailout of failing nuclear power plants, writes PETER BRADFORD. But other states aren’t following. including California and Nebraska, where a host of highly competitive clean energy technologies are filling in the power shortfall left by nuclear closures, at much lower cost. It’s time to let old nuclear reactors die.
Ecologist 25th Aug 2017 read more »
Duke Energy Carolinas wants to cancel its planned Lee Nuclear Station and will ask regulators to allow it to recover at least $368 million in planning and pre-construction costs from N.C. customers. Duke notes its plan for Lee as part of its request for a 13.9% rate increase filed Friday with the N.C. Utilities Commission. And it filed a separate proposal specifically on canceling the project. Duke filed both with the commission shortly after 10 a.m. Friday.
Charlotte Business Journal 25th Aug 2017 read more »