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kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 05:39 PM
Original message
For Sale
Is nuclear power facing a reversal of fortune?
BY ROGER WITHERSPOON

Entergy Corporation's low key announcement might well have been posted on Craig's List:
For Sale: Vermont Yankee Nuclear Power Plant. Used, unpredictable radioactive leaks, poorly run, financially indebted, locally unpopular, politically shunned and currently not working. $180 Million — Or Best Offer.

"Selling an old nuclear plant is like trying to build a new one," said economist Mark Cooper of the University of Vermont Law School's Institute for Energy and the Environment. "No one in their right mind would buy it or try to build it today. Most of the projects that have been proposed in this country have been delayed or abandoned. The simple fact is that the economics of nuclear power today are terrible and the market for these things is just not there.

"Why Entergy thinks they can sell it is hard to see. Putting it up for sale is a sign of desperation. That's the last thing you do before you give up and walk away."...

http://www.newjerseynewsroom.com/science-updates/is-nuclear-power-facing-a-reversal-of-fortune
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Kennah Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 05:44 PM
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1. Sold!
On behalf of UBL
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diane in sf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-10 12:14 AM
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2. Thank you
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