Entergy to Close Vermont Yankee Nuclear Power Plant [View all]
Source: Google Finance, Wall Street Journal
By Ryan Tracy, Saabira Chaudhuri,
Entergy Corp. said Tuesday it will close its Vermont Yankee nuclear power plant late next year, the latest U.S. plant to close amid difficult economic times for the nuclear power industry.
Entergy said “a number of financial factors” were behind what Chief Executive Leo Denault called “an agonizing decision and an extremely tough call.”
The company said those factors included low natural-gas prices, the high costs of running a nuclear station with a single power-generating reactor, and “flaws” in the design of the region’s electricity marketplace that “do not provide adequate compensation to merchant nuclear plants for the fuel diversity benefits they provide.”
Read more: http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-310012/
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