A new UCS report released today found that more than one-third of U.S. nuclear plants–representing 22 percent of total US nuclear capacity–are uneconomic or slated to retire over the next decade under current market conditions. The UCS study, The Nuclear Power Dilemma, shows that the economic viability of the nation’s nuclear plants is threatened by low natural gas prices, the declining cost of renewable energy, investments in energy efficiency, and the costs of upgrading aging plants to ensure safe operation.
The 671 MW Monticello Nuclear Generating Station is located along the Mississippi River 40 miles northwest of the Twin Cities and provides about 10 percent of Xcel’s electricity in the Upper Midwest. Photo: Source: Nuclear Regulatory Commission/Flickr
Steve Clemmer, director of energy research, Clean Energy
November 8, 2018 12:01 AM EDT