Earlier this morning, Dominion announced that it would be closing the Kewaunee Power Station, a 556 MWe nuclear facility located about 27 miles outside Green Bay, Wisconsin.The following is an official statement from Marv Fertel, NEI's President and CEO, concerning the announcement.
"Nuclear energy remains a reliable, cost-effective producer of electricity for America’s homes and our economy. As stated by Dominion, the company’s decision to close Kewaunee is based on the fact that it did not acquire additional reactors in the Midwest markets, so it could not achieve the economy of scale needed to be economical in that low-price power market.
"Dominion is one of the best nuclear energy facility operators in the country and is committed to nuclear energy in other states it serves as part of the company’s electricity portfolio. Nuclear energy is vital to meet America’s growing electricity needs today and to ensure the secure, reliable and low-carbon power for decades to come. Nuclear energy facilities lead the electric utility sector in reliability and are among the lowest cost electricity producers for American families and the economy. They will play a vital role as America transitions to a lower-carbon electricity portfolio."
|Kewaunee Power Station, located near Green Bay, Wisconsin.|
"One thing that should be perfectly clear is that the employees of Kewaunee have been doing an outstanding job, and this decision is in no way a reflection on them," (Dominion Chairman, president and CEO Tom) Farrell said. “I want to thank them for all they have done, and Dominion will work to make the transition as smooth as possible for them and their communities.”For more information on the facility from the U.S. Nuclear Regulatory Commission, click here.