Press Mention Fuel Fix September 10, 2012
SACE Quoted
Nuclear repairs no easy sale as cheap gas hits utilities
In this mention
Duke Energy faces a decision on whether to spend $1.3 billion repairing its damaged Crystal River nuclear plant in Florida, with the economics complicated by cheap natural gas prices. Stephen Smith of the Southern Alliance for Clean Energy criticizes the repair effort as wasteful, calling the reactor the "Humpty Dumpty" plant. The article examines how low gas prices and post-Fukushima safety concerns are pushing utilities nationwide to reconsider nuclear investments.
We're not joking when we call it the Humpty Dumpty reactor. We think they ought to quit throwing good money after bad.
Stephen A. Smith