Once Powerful Nuclear Industry Starts to Sputter Out
From The Washington Times
By Ben Wolfgang
The closing of Vermont’s only nuclear power plant is the latest challenge to an industry struggling to retain its niche in America’s long-term energy future.
Several factors have combined to create what some see as a bleak future for the sector.
“This is not an isolated incident,” said Frank Felder, director of the Center for Energy, Economic and Environmental Policy at Rutgers University. “Electricity prices are low. The costs of running the plants are high.”
Much like coal, nuclear power — once heralded as the future of U.S. energy and still touted by President Obama as part of his “all of the above” strategy to reduce dependence on foreign fuel — now is fighting to compete with natural gas prices near record lows.
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