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from the just-preparing-for-thorium-and-molten-salt-reactors? dept.
from the economic-realities dept.
Utility Dive reports
Entergy Corp. plans to shutter its 680 MW Pilgrim Nuclear Power Station in Plymouth, Mass. no later than June 1, 2019, the company said this week.
AP reports that financial factors drove Entergy to make the decision, including tough market conditions, reduced revenues, and increased operational costs. Entergy said it did not anticipate the economics of the plant to change in the near future, either through a rebound in power prices or a different market structure.
The exact timing of the closure will be decided next year, but the company has already informed the ISO New England that it intends to stop participating as a capacity resource.
CounterPunch continues
Entergy is also poised to shut the FitzPatrick reactor in New York. It promises an announcement by the end of this month.
Entergy also owns Indian Point 2 and Indian Point 3 some 40 miles north of Manhattan. Unit 2's operating license has long since lapsed. Unit 3's will expire in December.
[...] Meanwhile, like nearly all old American nukes, both Pilgrim and FitzPatrick are losing tons of money. Entergy admits to loss projections of $40 million/year or more at Pilgrim, with parallel numbers expected at FitzPatrick. The company blames falling gas and oil prices for the shortfalls.
[...] the boom in wind [and] solar, increased efficiency, and other Solartopian advances are at the real core of nuke power's escalating economic melt-down.
(Score: 4, Informative) by FatPhil on Monday October 19 2015, @10:28AM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 5, Informative) by Hairyfeet on Monday October 19 2015, @01:42PM
Exactly, look at Obama and Soylndra, no different than Cheney and big oil. In fact if you look at who was on the boards of the companies that got in excess of 100 million? You find these "green companies" are filled with the top 20 donors to Obama's campaign. Just another case of "meet the new boss, same as the old boss" and in both cases the american people are the ones left out in the cold.
If we had a government that actually gave 2 shits about clean energy we would be building breeder reactors to clean up the nuclear waste while investing in both thorium reactors (which have been shown to be much cleaner, fail safe, and can be built inside a shipping container for placement closer to population centers to minimize transmission loss) and bio diesel production. If we were to do this along with building a "people's car/truck" for under $20k that got 40 MPG+ and ran on diesel we could slash our emissions, create jobs, and get rid of any dependence on foreign sources of energy, but how would the 1% make crazy money on anything sensible like that?
ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.
(Score: 4, Informative) by DeathMonkey on Monday October 19 2015, @05:15PM
Solynra, Solyndra, Solyndra....
You mean the "failure" that netted the US Federal Government the highest rate of return of any federal program? [grist.org]
(Score: 2) by davester666 on Monday October 19 2015, @06:39PM
That's the one. It should never have happened that way.
The whole point of government is to enforce the rules.
Private profits.
Socialize losses.
Didn't you get the indoctrination...I mean, memo, in school?
(Score: 2) by FatPhil on Monday October 19 2015, @08:07PM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Tuesday October 20 2015, @02:07AM
Solyndra was one of many companies funded by the same program. That program in its entirety had the highest return on investment of any program of government handouts to business. The entire reason for the program in the first place was that the 'free market' was not getting the job done because the venture capitalists were too chickenshit.