Why Older Nuclear Power Plants Remain 'Cash Cows' Despite Fukushima |
| New York Times - Apr 29, 2011 |
There are no new nuclear plants in the foreseeable future for Exelon Corp., the largest U.S. reactor operator. Old plants, though, are a different story.
Exelon's proposed acquisition of Baltimore-based Constellation Energy, announced yesterday, would add five nuclear reactors at three plants to the 17 reactors at 10 plants that the Chicago-based company already runs. Exelon's total nuclear capacity would climb from 17,047 megawatts to nearly 19,000 if the projected $7.9 billion deal is completed.
"They can buy them much more cheaply than they can build them," said Ellen Vancko, nuclear project manager for the Union of Concerned Scientists.
Read Full Article from New York Times
- Posted: 2011-04-29 11:39:29
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