Dominion to sell Kewaunee nuclear power plant

Dominion Resources Inc. plans to sell the 568 MW Kewaunee nuclear plant.

According to the Milwaukee Journal Sentinel, Dominion purchased Kewaunee for $192 million in 2005 from Wisconsin Public Service Corp. and Alliant Energy. At the time the purchase was expected to be one of several in the Midwest, but Dominion was unsuccessful in buying other nuclear plants in the region. The Kewaunee plant no longer fit in the company’s plans, the article stated. Dominion also owns nuclear plants in Virginia and New England.

Kewaunee recently received a 20-year license renewal from the U.S. Nuclear Regulatory Commission to run through 2033. Wisconsin Public Service Corp. and Alliant Energy are currently under a power purchase agreement for power generated from the plant until December 2013, according to the article. Discussions are under way for new PPAs.

The article said Wisconsin Public Service and Alliant have rights of first refusal on any sale, up to their previous share of ownership. Wisconsin Public Service owned 59 percent of the plant, and Alliant, as Wisconsin Power & Light, owned 41 percent.

The sale is contingent upon approval from the NRC and the Federal Energy Regulatory Commission and the Virginia Public Service Commission.

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