Are Nuclear Plant Closures Due to Market Manipulation and Decommissioning Fund Rules?
Most of you are well aware that Entergy recently announced it will permanently close its Vermont Yankee (VY) nuclear plant. The primary reasons given were continued low natural gas prices, the cost of post-Fukushima upgrades, and "flaws" in the local wholesale electricity market that suppress prices and harm the profitability of baseload facilities like VY. VY was close to breaking even this year, as well as the last few years, but was projected to become unprofitable in the future-over the next few years, anyway.
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On September 12, 1933, slightly more than 80 years ago,
The 174th Carnival of Nuclear Energy has been posted at Next Big Future. You can
Benoit Forget, associate professor of nuclear science and engineering at the Massachusetts Institute of Technology, was honored with the 2013 ANS Landis Young Member Engineering Achievement Award. The award recognizes outstanding achievement for effectively applying engineering knowledge to yield a new principle, concept, design, safety improvement, method of analysis, or product used in the nuclear energy enterprise.
On August 27, Entergy announced that it plans to close the Vermont Yankee nuclear power plant in the fall of 2014, when the plant's current fuel is depleted. Entergy plans to decommission the plant using the SAFSTOR option, which consists of defueling, mothballing the plant for a period, then dismantling it by the end of 60 years. Entergy said that it is closing the plant because it is no longer projected to make money, considering the estimated future natural gas prices. Electric power generated by gas is now over 50 percent of the ISO-New England grid.
The 173rd Carnival of Nuclear Bloggers is up right now in the Fukushima Commentary section of Leslie Corrice's site "The Hiroshima Syndrome." You can 
