The Independent Assessment of Nuclear Developments in the World

Home > News > Essential News > Declining US Power Prices Threaten Oyster Creek Nuclear Plant

Declining US Power Prices Threaten Oyster Creek Nuclear Plant

Sunday 18 November 2012

The future of the Oyster Creek power plant in New Jersey which was in the headlines due to flooding resulting from superstorm Sandy, now seems in doubt. Similar to the Kewaunee power plant (see US Nuclear Plant to Close After Failing to Attract a Buyer) lower electricity prices, as a result of cheaper natural gas and the greater availability of wind power, has forced the operator Exelon to consider accelerating the closure of its 636 MW boiling water reactor before its scheduled closure date of 2019. The power plant’s closure date had already been brought forward by a decade. Lower electricity prices are affecting a number of Exelon’s other nuclear power plants and it has deferred plans to increase the capacity of both its LaSalle and Limerick plants, saving $1.2 billion. On the 15 November 2012, the Nuclear Regulatory Commission also launched a special probe to determine if officials at the Oyster Creek nuclear power violated rules and waited too long to declare an emergency alert as rising waters caused by Sandy threatened critical reactors systems. Not all reactors affected are being assessed to their response to the superstorm.

What They Say…

“The Report sets forth in painstaking detail the actual experience and achievements of nuclear energy around the world.”

Peter A. Bradford

Former commissioner
U.S. Nuclear Regulatory Commission (NRC)
(in his foreword to the 2013 report)
“A vital public service... Uniquely independent, thorough, and timely assessment."

Amory B. Lovins

Chairman, Rocky Mountain Institute
“This annual publication has over 20 years evolved into the most reliable, strikingly original, comprehensive and penetrating assessment of the global nuclear industry.”

Praful Bidwai

Financial Chronicle
Delhi, India
"Amid the hype and PR, the smoke and mirrors, of the 'nuclear renaissance', the Status Report offers a hard-edged reality check."

Walt Patterson

Associate Fellow Chatham House
London, UK
“Fantastic piece of work. Must reading for any observer of nuclear energy."

Henri Sokolski

Executive Director Nonproliferation Policy Education Center
Washington DC, USA
“Reliable research based on cold, hard facts, unlike the hype and amnesia of industry sources.”

Scott Ludlam

“Félicitations pour la dernière édition du WNISR. Formidable comme d'habitude!”

Fulcieri Maltini

International Consultant Former Director of the Nuclear Safety Account, EBRD
“Thought-provoking as usual.”

Will Dalrymple

Editor Nuclear Engineering International
"The authoritative report on the status of nuclear power plants worldwide is the World Nuclear Industry Status Report."


Bangkok, Thailand
“Such an illuminating report.”

Sam Geall

Deputy Editor China Dialogue
London, UK
"An astounding collection of facts and figures, a myth-busting international overview… An eye-opening piece of work!"

R. Andreas Krämer

Chairman Ecologic Institute
Berlin, Germany
“I really appreciate you letting us excerpt your report! It’s incredibly well researched and comprehensive, so thank you!”

Stuart Luman

Associate Editor Bulletin of the Atomic Scientists