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  1. Nuclear Power : Energy company plans to close Michigan nuclear plant in 2018

      COVERT TOWNSHIP, Mich. (AP) — An energy company announced plans Thursday to permanently close the Palisades nuclear power plant in southwestern Michigan in 2018, which could mean hundreds of job cuts for a major employer in the region if regulators approve the closure. New Orleans-based Entergy Corp. and Michigan-based utility, Consumers Energy, said they've agreed to end a power purchase agreement for the plant that year. They said it will save Consumers' customers as much as $172 million from 2018 to 2022 and affect about 600 employees. The companies said less expensive alternatives now exist to provide power in the region as Consumers adds more renewable energy and natural gas-fired generation. If ending the purchase agreement is approved by regulators, Entergy said it plans to close the plant Oct. 1, 2018. An earlier agreement committed Consumers to purchase nearly all of the power that Palisades generates through April 2022. "We determined that a shutdown in 2018 is prudent when comparing the transaction to the business risks of continued operation," Leo Denault, Entergy's chairman and CEO, said in a statement. Consumers said it will consider potential placement of up to 180 employees from Palisades into the utility's workforce. Gov. Rick Snyder said he plans to direct the Michigan Agency for Energy, the Michigan Department of Treasury, Michigan Economic Development Corp. and others to help prepare the area for the possible shutdown. "We need to make sure we use the next two years to wisely plan the use of state and local resources to adapt to whatever decision is made," he said in a statement. Under Entergy's current plan, Palisades would be refueled as scheduled in the spring and operate through the end of the fuel cycle. As part of the agreement, Consumers Energy also will pay Entergy $172 million to end the power purchase agreement and help Entergy transition to decommissioning the plant. Republican state Rep. Aric Nesbitt, chairman of the House Committee on Energy Policy, said he wants Entergy to reconsider the decision to close the plant. "This announcement further threatens Michigan electric reliability after 2018," said Nesbitt, whose district includes the plant. "This is not just a bad decision for our local families, but it is also the wrong decision for Michigan's energy future." Entergy and the Consumers Energy Foundation plan to provide a total of $10 million over several years in economic development funding for southwestern Michigan as part of an effort to ease the economic effects of the closure. The plant is in Van Buren County's Covert Township, along Lake Michigan. It started generating electricity in 1971 and can produce enough power for more than 800,000 homes. Consumers Energy is part of Jackson-based CMS Energy Corp.

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  2. Illinois Governor Signs Bill to Subsidize Two Nuclear Power Plants

    The deal gives Exelon $235 million per year in order to keep the Quad Cities and Clinton nuclear power plants running for another 10 years.

    Online Articles

    Online Articles

    Thu, 8 Dec 2016

  3. Nuclear Power : Illinois Gov. Rauner signs bill sparing 2 nuclear plants

    Illinois Gov. Bruce Rauner has approved a plan providing billions of dollars in subsidies to Exelon Corp. to keep two unprofitable nuclear plants from closing prematurely.

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    Thu, 8 Dec 2016

  4. Nuclear Power : Japan doubles cost estimate for Fukushima cleanup

    The estimated cost of cleaning up Japan's wrecked Fukushima nuclear plant has doubled to nearly 22 trillion yen ($190 billion), with decommissioning expenses expected to continue to increase, a government panel said Friday.

    Online Articles

    Online Articles

    Sat, 10 Dec 2016

  1. Ruling: Germany must pay utilities over nuclear phase-out

    Online Articles

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    Wed, 7 Dec 2016

  2. IEA chief economist says nuclear vital to climate objective

    The International Energy Agency’s chief economist says the Paris agreement will be ‘very difficult to achieve without an increase in nuclear power capacity.

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    Wed, 7 Dec 2016

  3. China General Nuclear buys 14 Irish wind power plants

    The renewable arm of the China General Nuclear Power Group (CGN) has acquired 14 Irish wind energy plants from Gaelectric.

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    Thu, 8 Dec 2016

  4. Entergy to close Michigan nuclear plant in 2018

    Entergy said it could offer new positions to up to 180 of the affected employees at the Palisades plant

    Online Articles

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    Thu, 8 Dec 2016

  5. Entergy to Close Palisades Nuclear Plant Early

    The announcement also noted the company will end the Palisades’ power purchase agreement with CMS Energy in 2018.

    Online Articles

    Online Articles

    Thu, 8 Dec 2016

  6. FirstEnergy seeks to sell its interests in 3,003-MW Bath County hydropower facility and other energy plants

    The U.S. Securities and Exchange Commission on Dec. 6 released a Form 8-K submitted by Akron, Ohio-based FirstEnergy Corp. that indicates certain FirstEnergy subsidiaries entered into new credit facilities for negotiating the sale of several generating assets, including the company’s interests in ...

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    Online Articles

    Fri, 9 Dec 2016

  7. POWER-GEN International 2016: The Power to Change

    The greatest minds in power generation gather once a year for the world’s largest forum for power professionals. It’s called POWER-GEN International, where experts throughout the world have been meeting for 28 years to discuss the mechanics, chemistry, operation, and regulation of power generation.

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    Fri, 9 Dec 2016

  8. Michigan nuclear power plant's license extension on hold

    Fermi 2 has been operating since July of 1985

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    Mon, 5 Dec 2016

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