Tuesday, May 31, 2022

Another Nuclear Plant Closes: Get Ready For Electricity Shortages

America's electric grid is being mismanaged and consumers will pay a heavy price for that mismanagement.... More evidence of that came with the recent closure of the Palisades Power Plant in Michigan.

The 811-megawatt nuclear plant was shut down on the same day that the North American Electric Reliability Corporation issued a report saying the U.S. electric grid doesn't have enough generation capacity and that blackouts are almost certain to occur across the country this summer.

Closing nuclear power plants while keeping coal-fired plants open is just crazy.

On April 20, Whitmer said, "Keeping Palisades open is a top priority." She hoped to tap some of the $6 billion available in the Department of Energy's Civil Nuclear Credit Program, created through the bipartisan infrastructure bill that President Biden signed into law in November.

In a letter to the Department of Energy, Whitmer said stopping the closure of Palisades would "Allow us to shore up Michigan's energy supply to prevent price spikes on working families and small businesses."

The closure of such plans increases electricity costs because generators must burn more natural gas to produce power and gas prices are soaring.

In short, the closure of the Palisades Power Plant will increase emissions, reduce energy affordability, and hurt the resilience and reliability of America's electric grid.

https://www.zerohedge.com/energy/another-nuclear-plant-closes-get-ready-electricity-shortages 

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