Posts Tagged "Nuclear"

Trying to keep aging coal and nuclear plants operating “may end up raising rather than lowering the average cost of wholesale electricity for many customers.”

– from a leaked draft of a politically motivated analysis commissioned by Energy Secretary Rick Perry that was supposed to question whether renewable energy policies or regulations have harmed grid reliability and accelerated the retirement of coal and nuclear plants, but which actually showed the opposite to be true.

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“We should reduce consumption of fossil fuels, coal in particular. Coal-fired power plants are accused of air pollution and fine-dust emissions.”

– Moon Jae-In, South Korea’s leading presidential candidate, regarding his pledge to reduce coal-fired power plants and phase out nuclear reactors as it strives to be more environment-friendly and low-carbon oriented. South Korea has more than 50 coal-fired power plants that supply about 40 percent of its electricity.

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“We determined that a shutdown in 2018 is prudent when comparing the transaction to the business risks of continued operation.”

– Entergy Chairman and CEO Leo Denault, in a statement announcing the permanent closure of the Palisades nuclear power plant in southwestern Michigan in 2018. Even with a $172 million payment to get out of its contract, Consumers Energy, which buys the power from the plant, anticipates saving money by turning to less expensive alternatives, including renewable energy.

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“Anything [nuclear] that hasn’t gotten off the ground yet isn’t getting built. There is no economic rationale for it.”

– Greg Gordon, a utility analyst at New York investment advisory firm Evercore ISI on the future of new nuclear power plants being built in the U.S.

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