"Selling an old nuclear plant is like trying to build a new one," said economist Mark Cooper of the University of Vermont Law School's Institute for Energy and the Environment. "No one in their right mind would buy it or try to build it today. Most of the projects that have been proposed in this country have been delayed or abandoned. The simple fact is that the economics of nuclear power today are terrible and the market for these things is just not there.
"Why Entergy thinks they can sell it is hard to see. Putting it up for sale is a sign of desperation. That's the last thing you do before you give up and walk away."
Walking away is not an option Entergy Corp. will comment on — yet. Nor will they declare that option off the table. "For now we are just exploring the potential sale of the plant," said Entergy spokesman Alex Schott. "It is one option that we feel is in the best interests of the shareholders and the 650 employees that work there." Read the full report here.
Source: by Roger Witherspoon, New Jersey Newsroom.com.
