Last week, the Omaha Public Power District (OPPD) Board of Directors voted to retire Fort Calhoun Nuclear Station. By the end of 2016, Fort Calhoun will cease further nuclear operations and begin the decommissioning process.
Board Chair Mick Mines stated “this was a difficult vote and one we did not take lightly. The industry is changing and it is imperative that we make strategic decisions to better position the district in the future for all our 365,000 customer-owners.”
According to OPPD’s news release, “market conditions were a major factor in [the] decision by the board. Historically low natural gas prices are a contributing factor; they reduce OPPD’s cost to generate electricity using natural gas.”
This news comes on the heels of the announcement that Exelon will proceed with the closure of Clinton and Quad Cities nuclear plants. On June 2nd, Exelon stated in a news release that the Clinton Power Station will close on June 1, 2017 and the Quad Cities Generating Station will close on June 1, 2018.
According to the news release, “[both plants] have lost a combined $800 million in the past seven years, despite being two of Exelon’s best-performing plants.”
Within the past year, five nuclear plants have announced that they will be shutting down.
Written by: Absolute Consulting
and Exelon Corporation