oystercreek

Exelon will retire the 619 MW Oyster Creek Generating Station in New Jersey in 2019, 10 years before its license is set to expire.

“The plant faces a unique set of economic conditions and changing environmental regulations that make ending operations in 2019 the best option for the company, employees and shareholders,” said Chris Crane, president and COO. A specific retirement date in 2019 has not been set.

The Nuclear Regulatory Commission granted a 20-year operating license extension to the plant in 2009. The plant entered commercial service in 1969. It uses a General Electric boiling water reactor. The plant was built by Burns & Roe beginning in 1965.

Exelon said the decision is based on the "cumulative effect of negative economic factors which has caused Oyster Creek’s value to decline." It said factors include low market prices and demand and the plant’s need for continuing large capital expenditures. Also, potential additional environmental compliance costs based on evolving water cooling regulatory requirements at both the federal and state government levels created "significant regulatory and economic uncertainty."

Exelon's decision to retire the plant early means the New Jersey Department of Environmental Protection will not require the company to install cooling towers at Oyster Creek.

Subscribe to Nuclear Power International magazine.

Sponsored by FLSmidth

Related Articles

FERC approves Exelon, Pepco merger

The Federal Energy Regulatory Commission (FERC) approved a merger between Exelon Corp. (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM).

NRG protests move by New York PSC toward Ginna life extension

Subsidiaries of NRG Energy (NYSE: NRG) told the New York State Public Service Commission on Nov. 17 that they are disappointed with a commission order that advances a plan to keep open the uneconomic R.E. Ginna nuclear plant.

Follow Power Engineering on Twitter

Latest News

 MS Power coal-to-gas conversion nearly complete

MS Power coal-to-gas conversion nearly complete

A coal-to-gas conversion project at a power plant operated by Mississippi Power is nearly com...
 North Anna nuclear power plant shuts down

North Anna nuclear power plant shuts down

Unit 1 of the North Anna nuclear power plant automatically tripped offline Feb. 26 as workers...
 Oklahoma leaders looking for more wind regulations

Oklahoma leaders looking for more wind regulations

With wind energy production in full swing in Oklahoma, legislative leaders are looking to imp...

Second-oldest nuclear reactor in S. Korea OK to restart

South Korea’s nuclear watchdog approved a plan to restart a 679-MW nuclear power unit that wa...
 SunEdison to bring power to 20Mn people by 2020

Video: SunEdison to bring power to 20Mn people by 2020

SunEdison, Inc. (NYSE: SUNE) announced plans to bring electricity to 20 million people in und...
02-25 Henry Hub Average Natural Gas Spot Prices

02/25 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...
 GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez says it received guarantees from Areva for planned nuclear reactors in Turkey and wi...
 CB&I: We’re not liable for $247mn nuclear power project penalties

CB&I: We’re not liable for $247mn nuclear power project penalties

Chicago Bridge & Iron (CB&I, NYSE: CBI) say they should not be liable for any of the ...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

KBR Takes $1.24 Million Fourth-Quarter Hit From Restructuring, Lower Revenues, an Industrial Info News Alert

KBR Takes $1.24 Million Fourth-Quarter Hit From Restructuring, Lower Revenues, an Indus...

Aricent Expands IoT Commitment, Creates Dedicated IoT Engineering Portfolio

Aricent Expands IoT Commitment, Creates Dedicated IoT Engineering Portfolio

Intergraph(R) CADWorx & Analysis University Express in India During March to Include Sessions on Designing Plants and Offshore Facilities

Intergraph(R) CADWorx & Analysis University Express in India During March to Include Se...

What's Coming to the Energy Sector in 2015?

What's Coming to the Energy Sector in 2015?

SL Series Is Tinius Olsen's New Generation of Hydraulic Universal Testing Machines

SL Series Is Tinius Olsen's New Generation of Hydraulic Universal Testing Machines

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>