Under Competitive Pressure, Nuclear Industry Doing All It Can, NEI Head Says
The nation’s paramount nuclear power trade group has launched a wide-ranging strategy to help generators stay profitable in tight markets, the head of the Nuclear Energy Institute (NEI) told Wall Street analysts on April 12.
In an address broadcast on Facebook, Maria Korsnick, NEI president and CEO, said that nuclear plants that operate in competitive wholesale markets “are obviously under significant economic stress.” Six reactors have retired over the last five years, and plant owners have announced intentions to shutter another 12 in the coming years. “If nothing is done to save those plants, the impacts will be devastating,” she said, pointing to job losses and resiliency worries.
“We didn’t have to stress these virtues 10 years ago, but in today’s market we do,” she said. The nation’s fleet of 99 reactors produces no air emissions, which is important especially in places where downwind air quality is already bad. A unit can operate for months or years after a refueling, making it immune to problems with pipelines, barges, and railroads that sometimes afflict fossil fuel generators, Korsnick noted.…
