Utilities Regroup to Cope With Nuclear's Costs

While the energy sector's attention was focused on Entergy's (ETR) decision to retire its Vermont Yankee Nuclear Power Station 20 years early, Southern (SO) was quietly maneuvering to change the financial terms for its new Vogtle Electric Generating Plants. Both moves signal growing challenges for the nation's utilities to build, own and operate commercial nuclear power plants.

Entergy's decision to retire and dismantle Vermont Yankee came about for one simple reason: Vermont Yankee's cost structure was uneconomic and uncompetitive. Entergy had to change the cost structure or hope for changes in the power market. Seeing no possibility for improvement in either, the company decided to protect its shareholders and shutter the plant....686 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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