Antinuclear

“Bottom falling out” of economics of New York nuclear power plants

Central New York nuclear plants struggle to avoid financial meltdown Syracuse.com, By Tim Knauss | tknauss@syracuse.com  on September 29, 2013 SCRIBA, N.Y. – 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……http://www.syracuse.com/news/index.ssf/2013/09/oswego_county_nuclear_plants_struggle_to_avoid_financial_meltdown.html

September 30, 2013 - Posted by Christina Macpherson | Uncategorized