 |
|
 |
|
|
|
|
|
KEWAUNEE NUCLEAR PLANT SALE ATTRACTS A FEW INQUIRIES
WPR News - Kewaunee nuclear plant sale attracts a few inquiries
|
|
Monday October 31, 2011
by Chuck Quirmbach
|
|
|---|
|
(UNDATED) The owners of the Kewaunee nuclear power plant say they've had several inquiries about the site, which is for sale. But any transaction would come amid a changing climate for the nuclear industry.
Virginia-based Dominion Power has been trying to sell the Kewaunee plant for about six months, a plant Dominion just bought six years ago. A company spokesman says they've had a few firms ask about Kewaunee, and some do more extensive financial reviews, but that the question of who will buy the generated power after current contracts expire in 2013 is a bit of a hang up. Critics of the nuclear industry say the Fukushima nuke plant disaster in Japan is chilling the market for plant sales. But Alex Marion of the trade group, the Nuclear Energy Institute says he doesn't see any Fukushima effect.
Germany is promising to phase out nuclear power by 2022. David Lochbaum of the Union of Concerned Scientists says changes prompted by Fukushima will drive up safety costs for all nuclear plants, not just Kewaunee. He says if Kewaunee doesn't sell soon, a sale could be helped by a discussion in Congress to ease limits on foreign ownership of U.S. nuclear plants. Lochbaum says his group would support the change.
Meanwhile, Dominion continues to recruit buyers for Kewaunee, with an asking price somewhere in the hundreds of millions of dollars.
|
| You can also listen to this story or download it now! |
 |
 |
(1:36) |
|
|
|
