Washington Examiner – One of the oldest nuclear power plants in the country will be shutting down more than a year ahead of schedule.
Exelon, the largest nuclear utility in the country, said Friday that it would shut down the Oyster Creek power station in New Jersey in October, more than a year ahead of schedule.
The power plant decided to close early, even though it is licensed by the federal government to provide electricity through 2029. The early closure stems from costly regulations in New Jersey requiring it to install new cooling towers.
Exelon entered into an agreement with the state's environmental regulators in 2010 to phase out the plant's operations, after it decided that it could not justify the cost of meeting the new water cooling rules. It instead agreed to a planned phaseout in which it would close the plant in December 2019.
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