June 14, 2013

Wind topples nuclear plans

MidAmerican Energy has scrapped plans for Iowa's second nuclear plant and will refund $8.8 million ratepayers paid for a now-finished feasibility study, utility officials said Monday.

The utility has decided against building any major power plant. That's because there is no approved design for the modular nuclear plant it envisioned, and there are too many questions about limits on carbon emissions from a natural gas plant, the company said.

Mid­American will focus on its plan to build up to 656 wind turbines in a $1.9 billion project across Iowa, which also will trim power bills by saving fuel costs.

LaSalle Nuclear Plant
In other news, Exelon Corp. is scrapping expansion plans at nuclear plants in Illinois and Pennsylvania because of waning demand for electricity and competition with subsidized wind generators.
The country’s largest owner of nuclear reactors announced Wednesday it would sideline plans to add capacity to its LaSalle nuclear plant 75 miles southwest of Chicago and its Limerick plant 20 miles northwest of Philadelphia in a filing with the Securities and Exchange Commission.
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