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Tag Archives: Nuclear Power

Pilgrim nuclear plant’s closing could bump up NH utility bills

The closing of a Massachusetts nuclear plant by 2019 could mean higher energy prices for New Hampshire electricity users and could boost efforts for building the controversial Northern Pass hydro project. “New Hampshire will certainly be impacted by the early closing of Pilgrim as will every other New England state,” Eversource’s Martin Murray said Tuesday. That’s because energy produced by ...

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Entergy to close Massachusetts Pilgrim nuclear plant by 201

Oct 13 (Reuters) – Entergy Corp said Tuesday it will close its Pilgrim nuclear power plant in Massachusetts no later than June 1, 2019, because of poor market conditions, reduced revenues and increased operational costs. “Market conditions and increased costs led us to reluctantly conclude that we had no option other than to shut down the plant,” Leo Denault, Entergy’s ...

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In a Mideast upset by cheap oil, more crude may enter market

DUBAI, United Arab Emirates (AP) — Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market. While some Gulf nations rest on ample reserve funds, embattled Iraq is desperate to scrounge up more money for its fight ...

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Nuclear regulators halt plans for Fermi 2 hearing

NEWPORT, Mich. — Anti-nuclear activists trying to stop DTE Energy’s Fermi 2 nuclear plant from getting a 20-year license extension were dealt a setback Tuesday when the U.S. Nuclear Regulatory Commission killed their plans for a special hearing about the plant’s continued operation. The agency’s commissioners overruled a decision by the NRC’s Atomic Safety and Licensing Board to grant a ...

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Germany’s oldest remaining nuclear plant shuts down

BERLIN (AP) — Germany’s oldest remaining nuclear reactor has been shut down, part of a move initiated four years ago to switch off all its nuclear plants by 2022. Bavaria’s environment ministry said Sunday that the Grafenrheinfeld reactor in the southern German state was taken offline as scheduled overnight, the news agency dpa reported. Grafenrheinfeld went into service in 1981. ...

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Iran’s oil exports likely to rise in 2016: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Beware diplomats bearing fact sheets; they rarely reveal the whole truth. The nuclear negotiations in Lausanne have already produced three separate fact sheets, issued by the United States, Iran and France, each highlighting different aspects of the emerging agreement. But under all three versions, Iran’s ...

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Global warming more dangerous than nuke plants

TOKYO – Jeffrey Sachs, a US economist and director of the Earth Institute at Columbia University, has published a new book titled “The Age of Sustainable Development” as part of his long-running commitment to exploring such worldwide problems as poverty and global warming. During a recent visit to Japan, Sachs spoke to The Yomiuri Shimbun about what it would take ...

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Nation’s biggest nuclear firm makes a play for green money

The biggest player in the beleaguered nuclear power industry wants a place alongside solar, wind and hydroelectric power collecting extra money for producing carbon-free electricity. Exelon Corp., operator of the largest fleet of U.S. nuclear plants, says it could have to close three of them if Illinois rejects the company’s pitch to let it recoup more from consumers since the ...

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Cheap natural gas might doom new Fermi nuke plant

Federal regulators are close to approving construction of Michigan’s first new nuclear power reactor in more than a quarter century, although it’s an open question if it will ever get built. The proposed new reactor, named Fermi 3, would sit next to DTE Energy’s currently-operating Fermi 2 nuclear plant on Lake Erie near Monroe, about 30 miles south of Detroit. ...

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