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Author Topic: Central New York nuclear plants struggle to avoid financial meltdown Back to Topics
NOTSOGRN

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Michigan

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Message Posted: Sep 30, 2013 10:58:14 AM

As recently as four years ago, nuclear power companies were planning to spend billions of dollars to build a new reactor in Oswego County, alongside three existing nuclear plants.

Then the bottom fell out. Natural gas-burning power plants that benefit from a glut of cheap gas produced by hydrofracking cut wholesale electricity prices in half.

Now the outlook for nuclear power plants is so bleak that Wall Street analysts say one or more Upstate nuclear plants could go out of business if conditions don't change.

Two Upstate nukes in particular - the James A. FitzPatrick Nuclear Power Plant in Oswego County and the R.E. Ginna Nuclear Power Plant in nearby Wayne County - are high on the watch list of plants that industry experts say are at risk of closing for economic reasons.
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REPLIES (newest first) Post a Reply
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pricewar
Champion Author Ogden

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Message Posted: Oct 1, 2013 1:51:55 AM

Ok
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ExplorerWA
Champion Author Washington

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Message Posted: Sep 30, 2013 10:48:48 PM

What will replace the electricity they generate?
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Sep 30, 2013 6:18:54 PM

watch and see.
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nybearhunter
Champion Author New York

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Message Posted: Sep 30, 2013 2:01:02 PM

as always.
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BobBG
Champion Author Albany

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Message Posted: Sep 30, 2013 1:32:57 PM

There is no good way to deal with the waste. Add what happened in Japan to that to that (I know it's very unlikely to happen here but not impossible) and I say close all the nukes.
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vjs3
Champion Author Denver

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Message Posted: Sep 30, 2013 1:29:43 PM

Way too expensive...
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mastermariner
Champion Author Texas

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Message Posted: Sep 30, 2013 1:25:30 PM

Dammed if you do Dammed if you dont
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markcayer
All-Star Author Ottawa

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Message Posted: Sep 30, 2013 1:01:46 PM

nuclear is too expensive. better to fund small scale solar/wind and add it to the grid.
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Sep 30, 2013 12:58:04 PM

Difficult industry when conditions fluctuate so rapidly. Decades long periods of economic stability are required to maintain an industry that takes so many years of planning and working through government regulations to build or upgrade.
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YumaFellow
Champion Author Arizona

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Message Posted: Sep 30, 2013 12:48:21 PM

We still have not solved the problem of disposing of nuclear waste, so I am not unhappy to see nuclear power go away.
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52MPG
Champion Author Dayton

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Message Posted: Sep 30, 2013 12:30:31 PM

Nuclear power is expensive.
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Taxrefugee
Champion Author Arizona

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Message Posted: Sep 30, 2013 12:09:31 PM

Dollars talk
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tnfran
Champion Author Arizona

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Message Posted: Sep 30, 2013 12:07:16 PM

Better off w/out "nuke plats" anyway. Find other sources to create electricity.
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lesabreAZ
Champion Author Phoenix

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Message Posted: Sep 30, 2013 12:06:20 PM

if wholesale electricity went down 50%, how come my bill didn't???????????
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humblepie
Champion Author Toledo

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Message Posted: Sep 30, 2013 12:03:52 PM

today things change, tomorow they change again
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gaswatchON
All-Star Author Ontario

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Message Posted: Sep 30, 2013 11:55:53 AM

Yea! let's build more Nuclear plants to solve the problem Another fairy tale
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Hawg1408
All-Star Author Alberta

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Message Posted: Sep 30, 2013 11:39:16 AM

Oh, well. Natural gas is better and safer.
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lcleveland
Champion Author San Antonio

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Message Posted: Sep 30, 2013 11:35:39 AM

uh, oh sorry to hear
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madison8359
Champion Author Cleveland

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Message Posted: Sep 30, 2013 11:31:05 AM

Nukes are expensive, dangerous not to mention the problems with waste storage.

We won't even talk about Japan or Russia or Three Mile or Yuca Flats.

Nukes just don't make any sense.
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RitaVespa
Champion Author Oregon

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Message Posted: Sep 30, 2013 11:26:36 AM

Wow, guess nuclear doesn't qualify for green energy subsidies that Obama likes to pass out
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gbs1
Champion Author Minnesota

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Message Posted: Sep 30, 2013 11:10:03 AM

Amazing how things change in a few years.
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mazdaboy
Champion Author Portland

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Message Posted: Sep 30, 2013 11:09:11 AM

I thought Nuclear Energy was suppose to superior in terms of cost.
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