Beyond Nuclear, June 16, 2016
The Board of the Omaha Public
Power District has confirmed the promised closure of its Ft. Calhoun
nuclear plant in a unanimous vote. Ft. Calhoun will close by the end of
the year. OPPD President and Chief Executive, Tim Burke, articulated
what is becoming rapidly more apparent industry-wide: the costly nuclear
plant cannot compete with cheaper sources of electricity. These days,
that source is rapidly becoming wind power. "This is simply an economic
decision. The economics have been going so fast the other way that we
can’t seem to justify this anymore,” said 30-year board member John
Green. But the financial headaches are far from over. Once shuttered,
the plant must be decommissioned, a process that it is estimated will
take 35 years and cost at least $1 billion.
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