• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Featured

Vermont Yankee nuclear plant to be shut

ToP by ToP
August 28, 2013
in Featured, International News, U.S & Canada
0
Vermont Yankee nuclear plant to be shut

Vermont Yankee nuclear plant to be shut

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Vermont Yankee nuclear plant to be shut
Vermont Yankee nuclear plant to be shut

The Vermont Yankee nuclear reactor will shut late next year and be decommissioned, its owner announced Tuesday, citing low prices for natural gas and high operating costs.

“This shutdown decision was made because this asset is not financially viable,” owner Entergy Nuclear Vermont Yankee LCC said in a statement.The 40-year-old plant, which employs 630 workers, is in Windham County on the Connecticut River, near the border with Massachusetts.During decommissioning, a process that could take decades to complete, fuel will be transferred to storage, Entergy said.Entergy said decommissioning is expected to cost $566 million, but its decommissioning trust contains $582 million.

The plant’s boiling water reactor, made by General Electric, uses river water as a cooling source and is licensed to operate through 2032.Vermont Yankee had been the subject of a battle between state authorities and the Nuclear Regulatory Commission over its GE-designed containment housing known as the Mark 1, one of 23 such reactor housings in the United States.That was the design used at Japan’s Fukushima Daiichi nuclear power plant, where three reactors melted down after the station was struck by the tsunami that followed an earthquake in March 2011. The disaster resulted in the widespread release of radioactive contamination that forced more than 100,000 people from their homes.

Japan fed up with ‘whack-a-mole’ approach to Fukushima

The Nuclear Regulatory Commission rejected a petition by anti-nuclear groups to shut reactors using the GE Mark I containment.Japan will need decades to clean up after Fukushima Daiichi, the world’s worst nuclear accident since Chernobyl in 1986.The U.S. nuclear industry hasn’t built a new reactor since the 1970s. But on February 9, the commission approved two new reactors at the Vogtle nuclear plant in Georgia. The reactors differ from those at the GE plants at Fukushima Daiichi and in the United States.

National Energy Institute President and CEO Marvin Fertel called the closure “a great loss to the state of Vermont, the regional economy and consumers and the environment.”But the Vermont plant’s finances have dimmed in recent years, as widespread drilling for shale gas has lowered the price of natural gas.A 2008 post that is still on Entergy’s website predicted that “the continued operation will result in over $2 billion in additional income for the residents of Windham County and the state of Vermont as well as increased tax revenues for the state in excess of $300 million in today’s (2008) dollars.”

At the time, Vermont Yankee was supplying nearly a third of the electricity used in the state.But the company said Tuesday that it had spent more than $400 million in operating costs since 2002.”The announcement today by Entergy that it will shutter the troubled Vermont Yankee reactor is the latest — but certainly not the last — domino to fall for the failing U.S. nuclear power industry,” said Mark Cooper, a senior fellow for economic analysis at the Institute for Energy and the Environment at Vermont Law School.

He noted that Tuesday’s announcement follows the August 1 announcement by Duke Energy that it is abandoning its reactor project in Levy County, Florida, and that the French-subsidized nuclear giant EDF was pulling out of the U.S. nuclear power market “due to the inability of nuclear power to compete with alternatives and the dramatic reduction in demand growth caused by increasing efficiency of electricity consuming devices.”

He cited the recent closures of four other nuclear reactors: two at San Onofre in California and one each at Kewaunee in Wisconsin and Crystal River in Florida.”What we are seeing today is nothing less than the rapid-fire downsizing of nuclear power in the United States,” he wrote. “It is important to recognize that the tough times the U.S. nuclear power industry faces today are only going to get worse.” – CNN

Tags: Entergy Nuclear VermontVermont Yankee nuclear plant
Previous Post

Country’s first ‘mobile court’ decides 30 cases

Next Post

Mexico’s ‘Queen of the Pacific’ deported from U.S.

ToP

ToP

Related Posts

indian pm modi
Pakistan

Pakistan Invites Indian PM Narendra Modi to SCO Meeting

by Jameel Ahmad
August 29, 2024
Largest IT Outage
Technology

Largest IT Outage in History Brings Y2K Fears to Reality, Says Web Security Expert

by Jameel Ahmad
July 19, 2024
Ishaq Dar
Pakistan

Ensure the Safety of Students”: Foreign Minister Ishaq Dar’s Directive Amid Bangladesh Protests

by Jameel Ahmad
July 18, 2024
Trump Assassination Attempt
International News

Trump Calls for Unity After Assassination Attempt

by Jameel Ahmad
July 15, 2024
Narendra Modi Government
International News

India shares plunge as polls show Modi’s mandate slipping

by Jameel Ahmad
June 4, 2024
Ebrahim Raisi
International News

Iranian President Ebrahim Raisi Confirmed Dead in Helicopter Crash

by Jameel Ahmad
May 20, 2024
Shehbaz Sharif
Pakistan

Prime Minister Shehbaz Sharif Garners New Investment Promises from Riyadh

by Jameel Ahmad
April 29, 2024
Next Post
Mexico’s ‘Queen of the Pacific’ deported from U.S.

Mexico's 'Queen of the Pacific' deported from U.S.

Popular Stories

  • Welcome to Ghas Mandi: Asia’s largest gambling den

    Welcome to Ghas Mandi: Asia’s largest gambling den

    0 shares
    Share 0 Tweet 0
  • Bodybuilding Champion Found Happiness in God, not Competition

    0 shares
    Share 0 Tweet 0
  • Watch Video: Indian Father Buried His Ten Year Old Daughter Alive

    0 shares
    Share 0 Tweet 0
  • Google shuts failed social network Google+

    0 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In