nuclear retirement

A week after the Department of Energy (DOE) proposed a rule to bolster uneconomic coal and nuclear generators in competitive power markets, Luminant announced that an “unprecedented low power price environment” will force it to retire a 1.9-GW coal-fired power plant operating in the Texas market. The plant’s economic woes suggest a larger swath of […]

According to the U.S. Energy Information Administration, nuclear power has accounted for about 20% of electricity generated in the U.S. each year since 1990. In fact, the U.S. nuclear fleet out produced France—the country with the next highest nuclear generation—by more than two to one in 2012. Russia was a distant third, generating less than […]

Diablo Canyon, the two-reactor nuclear power plant on the central California coastline, will be permanently shuttered by 2025 under a renewables-boosting initiative announced today by its owner, Pacific Gas and Electric (PG&E). The company on June 21 unveiled a “joint proposal” with labor and environmental groups that seeks to increase investment in energy efficiency, energy […]

Exelon’s Quad Cities nuclear plant in Illinois will not be economically viable despite changes in the PJM capacity market, and the company has to make a decision on closing it before the Illinois legislature can act on possible measures to save it, CEO Chris Crane said in Exelon’s second-quarter earnings call on July 29. Along […]