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February 7th, 2013

Another Nuclear Plant is Steamrolled By Cheap Natural Gas

by Andrew Price, President & COO

Nuclear Power, deemed by some to be a necessary component of achieving significant reductions in greenhouse gas emissions, is increasingly finding it hard to compete against cheap electricity from natural gas fired power plants. Progress Energy, announced on Tuesday that it will decommission its nuclear plant in Crystal River Florida. The 860 MWs of power produced by the plant is likely to be replaced with natural gas. The decision by Progress comes on the heels of Dominion’s October 2012 announcement that it would decommission its Kewaunee Nuclear plant in Carlton, Wisconsin during 2013. Nuclear power is increasingly joining coal and renewables on the sidelines as natural gas continues its surge to predominance as the fuel of choice for industry and power plants.    

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