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Tag: Closures

More Coal Cuts—AEP, Mississippi Power Detail Closures

April 24, 2021
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The post More Coal Cuts—AEP, Mississippi Power Detail Closures appeared first on POWER Magazine.

American Electric Power (AEP), which in 2019 reached an agreement to close Unit 1 of the two-unit, 2.6-GW coal-fired Rockport power plant in Indiana, has now announced a plan to close Unit 2 of the facility.

Both units at Rockport are now expected to be shuttered by year-end 2028. AEP, the parent of Indiana Michigan Power, which operates the plant, on April 22 announced it would purchase Unit 2 of the plant from Wilmington Trust Co., a financial services firm. The deal was made to ensure the retirement of both units.

Thursday’s announcement came as AEP announced its first-quarter 2021 earnings, which were $ 575 million, compared to $ 495 million for the same period in 2020. AEP, like many power generating companies, is retiring older power plants and replacing that generation with renewable energy resources. AEP has said its goal is to reduce carbon dioxide emissions by 80% from its 2000 baseline by 2030.…

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U.S. Nuclear Power Plant Closures [Slideshow]

June 25, 2016
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According to the U.S. Energy Information Administration, nuclear power has accounted for about 20% of electricity generated in the U.S. each year since 1990. In fact, the U.S. nuclear fleet out produced France—the country with the next highest nuclear generation—by more than two to one in 2012. Russia was a distant third, generating less than a quarter of the U.S. total.

But times of late have been tough for U.S. nuclear generators. Natural gas prices are at historic lows, leading to cheap gas-fueled generation. Even with climate concerns and a worldwide movement to reduce CO2 emissions, the market is not rewarding nuclear power’s zero-carbon generation. In competitive markets, nuclear power is not competitive.

Since October 2012, U.S. nuclear plant owners have closed or announced closure of 14 reactor units at 11 plant sites. Many of the units had already gone through the lengthy process of obtaining 20-year license extensions, which would have allowed them to operate until the 2030s in some cases.…

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