The Board of the Omaha Public Power District confirmed the promised closure of its Ft. Calhoun nuclear plant in a unanimous vote today. Ft. Calhoun will close by the end of the year. OPPD President and Chief Executive, Tim Burke, articulated what is becoming rapidly more apparent industry-wide: the costly nuclear plant cannot compete with cheaper sources of electricity. These days, that source is rapidly becoming wind power. "This is simply an economic decision. The economics have been going so fast the other way that we can’t seem to justify this anymore,” said 30-year board member John Green. But the financial headaches are far from over. Once shuttered, the plant must be decommissioned, a process that it is estimated will take 35 years and cost at least $1 billion. More
The Nuclear Retreat
We coined the term, "Nuclear Retreat" here at Beyond Nuclear to counter the nuclear industry's preposterous "nuclear renaissance" propaganda campaign. You've probably seen "Nuclear Retreat" picked up elsewhere and no wonder - the alleged nuclear revival so far looks more like a lot of running away. On this page we will keep tabs on every latest nuclear retreat as more and more proposed new nuclear programs are canceled.
The Ft. Calhoun, Nebraska nuclear power plant must close by the end of the year, says Omaha Public Power District’s chief executive, Tim Burke, who says the plant is just too expensive to run. Ft. Calhoun has been plagued with problems including a fire, and in 2011 was famously surrounded by flood waters from the Missouri River. Earlier this month, Exelon announced it would close two Illinois nuclear plants -- Quad Cities and Clinton -- if the state failed to prop them up. The Oyster Creek reactor in New Jersey and the Pilgrim reactor in Massachusetts are both scheduled to close in 2019. Meanwhile the Tennessee Valley Authority has given up on its two planned Bellefonte reactors and is instead putting the incomplete plant up for sale. TVA spent a reported $5 billion plus on the project but the sale price -- if indeed there are any buyers -- is estimated at $36.4 million. More on Ft. Calhoun. More on Bellefonte.
Excel Energy is conducting a study that will determine whether or not it keeps its Prairie Island Nuclear Power Plant running or files for early closure. Citing economic concerns, Excel may close the Red Wing, MN plant earlier than its current 2034 shutdown date. News reports cited "unexpected increases in costs that could reach $900 million from 2021 to 2034," as a significant reason for considering early closure, a common lament from an industry that has become too expensive and dangerous to remain relevant as the renewable energy revolution overtakes it.
After withdrawing last Friday its license application for planned reactors 3 and 4 at its Bellefonte, AL site, TVA has now abandoned the two incomplete reactors there, Bellefonte 1 and 2. The Tennessee Valley Authority has announced it will consider "declaring as surplus and entertaining the sale of the Bellefonte Nuclear Plant site." Bellefonte 1 and 2 began construction more than 40 years ago until the project was halted in 1988 after squandering $4.6 billion. TVA also holds the record for the longest reactor construction time at Watts Bar 2, which, if the reactor is indeed started this summer, will have taken 43 years from start to finish.
Southern Alliance for Clean Energy reports that plans to build two new reactors in Alabama, at Bellefonte have been abandoned. The decision to ditch two AP1000 "new" reactors comes as nuclear energy becomes an ever less appealing financial option and as renewable energy soars.
The SACE press release reads:
"Dealing yet another blow to the nuclear power industry, today the Tennessee Valley Authority (TVA) finally announced they were abandoning plans to build two new Toshiba-Westinghouse AP1000 nuclear reactors at their Bellefonte site in Hollywood, Alabama. The utility will file a motion with the U.S. Nuclear Regulatory Commission’s (NRC) Atomic Safety and Licensing Board (ASLB) to withdraw their combined operating license application (COL), which they had originally filed in October 2007."
Perhaps TVA did not fail to notice the ballooning costs at two other reactor construction sites in the South. As the SACE press release pointed out:
"While the costs of solar, wind and energy efficiency have plummeted in recent years, costs for new nuclear reactors have skyrocketed. In the U.S. the four under-construction AP1000 reactors (two at Southern Company’s Plant Vogtle in Georgia and two at SCANA’s V.C. Summer plant in South Carolina) have experienced massive cost overruns and significant construction delays. Both projects are at least 39-months delayed. Recent developments before the Georgia Public Service Commission have led to total estimated project costs increasing from approximately $14 billion in 2009 to nearly $22 billion. Read the full press release.