A decade ago, the annual Platts nuclear energy conference in Washington was brimming with optimism over a coming “nuclear renaissance,” as licensing requests poured into the Nuclear Regulatory Commission and companies announced ambitious plans for new nuclear construction. Ten years later, the not-so-under-the-surface theme of the conference was nuclear survival.

“The question is survival,” former Entergy nuclear executive Bill Mohl told attendees at the annual Platts nuclear energy conference in Washington, D.C., in early February. Mohl, who led Entergy’s merchant power business and retired February 28, went on to explain that Entergy’s long-term strategy of buying up single-unit nuclear plants at bargain-basement prices and bidding them into the regional transmission operator (RTO) and independent system operator (ISO) competitive wholesale markets was a miserable failure.

It seemed like a really good idea at the outset, but a combination of factors undercut the strategy, and Entergy is now exiting merchant nuclear power in as big a way as it entered. Vermont Yankee is shuttered.…

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