Nuclear Reactors, Bankrupting Their Owners, Closing Early
On January 22, FirstEnergy Corporation announced that its faulty and nearly-self-destructed Davis-Besse power reactor east of Toledo, Ohio, will be closed well before its license expires. But the shutdown is not because the reactor represents reckless endangerment of public health and safety. FirseEnergy was fine with that. No, the old rattle trap can’t cover its costs any more, not with the electricity market dominated by cheaper natural gas, and renewable wind and solar.