Shale economics shuts down nuclear plant
Shale economics shuts down nuclear plant
VERNON, Vermont – The state’s only nuclear plant has stopped sending power to the New England grid after more than 42 years of producing electricity. Bill Mohl, president of Entergy Wholesale Commodities, said economic factors were the primary reasons for the shutdown.
“The Northeast has undergone a shift in supply because of shale gas, resulting in sustained low natural gas prices and low wholesale energy prices,” Mohl said.
The plant will sit for decades while its radioactive components cool. It’s expected to cost more than $1.2 billion to dismantle the plant, which likely won’t occur until the 2040s or later.
