Monday, October 22, 2012

United States: Dominion closing nuclear plant due to low natgas prices

Reuters: Dominion Resources Inc plans to shut its Kewaunee plant in Wisconsin next year, the first U.S. nuclear plant to fall victim to the steep drop in power prices as rising natural gas production makes some plants uncompetitive. After claiming hundreds of coal-fired plants, the boom in U.S. shale gas output is now starting to grind down the nuclear industry, with smaller older plants like the 566-megawatt (MW) Kewaunee plant first to be affected. The surge in U.S. shale gas has upended the domestic...

URL: http://www.reuters.com/article/2012/10/22/us-dominionresources-idUSBRE89L1EY20121022?feedType=RSS&feedName=environmentNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2Fenvironment+%28News+%2F+US+%2F+Environment%29

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