OMG!?!?!?!?!?!? We’re all gonna be drinkin’ poison dihydrogen monoxide. :>}
No it doesn't.
“... a fossil fuel whose combustion causes global warming,...” There it is again. Settled science.
Pebble-bed reactor
http://en.wikipedia.org/wiki/Pebble-bed_reactor
Shhhhhh......... Ixnay on the agsnay. Return to the world of make believe asap.
It’s not fossil fuel, it’s a byproduct from the earth’s core
. . .Vermont Yankee, a safe and reliable nuclear plant that had its operating license renewed in 2011 and would have provided Vermont with its cheapest power for the next 20 years, is being shut down prematurely. Never mind that this is a nuclear plant that has kept electricity prices lower than they otherwise would be without it and avoids 2 million metric tons of carbon dioxide a year.
The economic impact of Vermont Yankee's impending loss transcends state lines. Ratepayers in western Massachusetts and across the border in New Hampshire have been told to expect sharp increases in electricity prices. Utility officials in both states blamed the increases on Vermont Yankee's shutdown. And if New England's other nuclear plants are shuttered, Vermonters are likely to see a jump in their own electricity bills that would come on top of the still-to-be determined cost of Vermont Yankee's loss. . .
If the whole country starts generating electricity with natural gas as well as using it for heating and transportation and distribution overseas, it probably won’t stay relatively inexpensive for long. Natural gas prices dived with fracking. Prior to fracking, natural gas had gotten pretty expensive.
AHHHH! FRACKING! AHHHH! NUCLEAR! We’re all gonna DIE!!!
Vermont Yankee was part of the New England’s nuclear policy in the 70s and 80s. Now most of them is shut down.
The sales deal included a revenue-sharing provision: If the plant continued to operate after 2012, it would share 50 cents of every dollar earned above a specified price, for 10 years.
I am guessing this provision in the sale of the plant is what is making the plant economically unviable.
Give away 50% of your profits for 10 years and it makes running the plant a bit tough in a competitive market.
I believe Vermont also plans to augment by buying power from Canada.
Oh, the irony.