Kewaunee nuclear plant to retire as planned
After a review of power system reliability impacts, the Midwest Independent System Operator (MISO) has concluded the shutdown and retirement of Kewaunee Power Station in northeastern Wisconsin will not affect the reliability of the regional electric transmission system and can retire immediately.
In early 2011, after a regular review of the company's assets, Dominion decided to sell the Kewaunee plant, which it acquired in 2005, claiming the facility was no longer a strategic fit. Further, Kewaunee's power purchase agreements were ending at a time of projected low wholesale electricity prices in the region and the company was unable to grow its nuclear fleet in the Midwest to take advantage of economies of scale.
In February 2011, the NRC renewed the station's operating license for an additional 20 years -- through 2033. In April 2011, Dominion began searching for a buyer but was unable to secure one.
The station will remain under the oversight of the Nuclear Regulatory Commission (NRC) throughout the shutdown and decommissioning process. After the shutdown, Dominion its power supply obligations until power purchase agreements expire in December 2013.
Following shutdown, Dominion plans to meet its obligations to the two utilities that purchase Kewaunee's generation through market purchases until the power purchase agreements expire in December 2013.
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Dominion to retire nuclear plant due to economic viability