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
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

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.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

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

Power Engineering Current Issue

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

Power Industry Wire News

Air Products Grows in Third-Quarter 2014 on Demand From Gulf Coast Refiners, Sees $2 Billion Capex for Year

Air Products Grows in Third-Quarter 2014 on Demand From Gulf Coast Refiners, Sees $2 Bi...

Cummins Named to Gartner's Supply Chain Top 25 for Third Consecutive Year

Cummins Named to Gartner's Supply Chain Top 25 for Third Consecutive Year

Pentagon Refusing to Release Contracting Data on British Aerospace & Engineering

Pentagon Refusing to Release Contracting Data on British Aerospace & Engineering

Barclays Expects Global Upstream Spending to Hit $712 Billion, an Industrial Info News Alert

Barclays Expects Global Upstream Spending to Hit $712 Billion, an Industrial Info News ...

Energy Industry Leader Michael Allman Joins VIA Motors Board of Directors

Energy Industry Leader Michael Allman Joins VIA Motors Board of Directors

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 >>