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New Jersey Spotlight reports
Three Mile Island may be the next nuclear power plant to be shuttered by its owner unless it gets financial help to keep the facility afloat.
Exelon Corp., the owner of the Pennsylvania generating station, announced yesterday it will retire the plant by or about September 30, 2019 absent any change in that state's policies dealing with nuclear power.
The announcement is the latest by an owner of a nuclear plant to threaten or close its facility unless given financial assistance to make the facility profitable, a drama that could play out soon in New Jersey with its three nuclear units operated by the Public Service Enterprise Group in South Jersey.
If Exelon follows through on its threat, it would mean the Oyster Creek plant in Lacey Township, also owned by the Chicago energy giant, could outlast TMI, the site of the nation's biggest nuclear accident when it had a partial meltdown in 1979.
Oyster Creek, the country's oldest commercial nuclear plant, agreed to shut down at the end of 2019 under a settlement worked out with the Christie administration in 2010.
[...] Environmentalists oppose extending the incentives renewable sources obtain to nuclear, because unlike solar, wind, and water, the former is not sustainable. “It’s not renewable; you have to keep buying the fuel,’’ said Jeff Tittel, director of the New Jersey Sierra Club.
(Score: 0) by Anonymous Coward on Sunday June 04 2017, @01:23PM (3 children)
No, it's polluting.
solar and wind too unreliable. Hydro destroys the environment and only works in some locations.
Hydro is limited. But it's possible to have pumped storage as ways to make wind and solar more reliable.
But yes, nuclear should be used until ALL fossil fuel sources of power are stopped. If we can shut down all that and keep lights on, then the world is in slightly better place. If we can replace nuclear with renewables too, great. But CO2 sources are the largest threat we have.
(Score: 0) by Anonymous Coward on Sunday June 04 2017, @05:21PM (2 children)
NG is what lead to the demise of coal in the past few years. Fracking has slowed down so the price has gone the other way again. Cheaper is what will drive the market. Subsidies and laws pervert the market and create winners and losers every single time.
(Score: 2) by compro01 on Monday June 05 2017, @06:19AM (1 child)
What is it with you people and your obsession with what "the market" wants? What the market will do and what is actually desirable are often not the same thing.
(Score: 0) by Anonymous Coward on Tuesday June 06 2017, @12:53AM
You seem to think coal became unpopular because the laws said so?
What is it with people like you who think the market will not wash over any laws. Look at obamacare and hillarycare if you think I am 'stupid'. You can see the market reacting to the massive influx of cash with higher prices. You think you can ignore simple economics and because you 'feel' it shouldnt be so it is.