posted in:

Nuclear economics expert comments on closure of Crystal River nuclear power plant by Duke Energy

Wednesday, Feb 06, 2013

WASHINGTON, Feb. 5, 2013 /PRNewswire-USNewswire/ -- Mark Cooper -- a leading U.S. expert on nuclear reactor financing who has testified at several Florida PSC hearings since 2009 – is available this afternoon to comment on the announcement by Duke Energy of plans to close their Crystal River nuclear reactor.  He issued the following statement today:

"The closure of the Crystal River plant should come as no surprise. The company's own report evaluating its ability to successfully repair damage to the reactor's concrete containment building concluded the risks associated with making necessary repairs could result in dramatic cost increases and extend the amount of time it would take for repairs to be completed.

However, still on the table is Duke Energy's plan for construction of the proposed Levy Country nuclear plant.  Even with the closure of Crystal River, there are several key reasons why it still does not make sense to construct this new reactor.

Mark Cooper is the senior fellow for economic analysis at the Institute for Energy and the Environment of the Vermont Law School.  He is the author of "Nuclear Safety and Nuclear Economics" (2012) and "Policy Challenges of Nuclear Reactor Construction, Cost Escalation and Crowding Out Alternatives" (2009).

SOURCE Mark Cooper

posted in:

Other Nuclear News

Ontario Power Generation and Westinghouse sign agreement to service global nuclear markets 18-04-2014
NNSA announces recipient of $25 million grant to improve technological capabilities for detecting nuclear proliferation 17-04-2014
B61-12 Life extension program undergoes first full-scale wind tunnel test 16-04-2014
Unit 1 at Susquehanna nuclear power plant begins scheduled refueling outage 15-04-2014
Unit 1 at Susquehanna nuclear power plant begins scheduled refueling outage 14-04-2014
NNSA’s Nevada Field Office transfers two armored vehicles to FBI 14-04-2014
MHI starts shipments of factory-made tanks for storing contaminated water at Fukushima Daiichi Nuclear Power Station 11-04-2014
Lieutenant General Frank G. Klotz, USAF (Ret), confirmed as energy department under secretary for Nuclear Security and Administrator for the National 11-04-2014
Security Improvement Project completed ahead of schedule, $20 million under budget 08-04-2014
Workshop at Nevada National Security Site brings together experts from a Dozen Countries 08-04-2014