Leaders at Point Beach Nuclear Plant are reacting to Monday's announcement of the closure of Kewaunee Power Station.
The two plants are the only nuclear power plants currently operating in Wisconsin. Dominion, which owns Kewaunee Power Station, said it will close the plant next year. The Virginia-based company cited low energy prices and the inability to find a buyer for the plant.
Florida-based NextEra Energy Resources owns Point Beach, which is just north of Two Rivers.
Point Beach communications manager Sara Cassidy released the following questions and answers about the effect on Point Beach:
Q: How does this announcement affect Point Beach?
A: The announcement regarding Kewaunee Power Station does not have a direct impact on Point Beach Nuclear Power Plant. While the plants are in close proximity, they operate independently.
Q: Will Point Beach hire any employees who are laid off by Kewaunee?
A: NextEra is not aware of Dominion's staffing plans. It would be premature to comment on this issue.
Q: Is Point Beach having the same financial challenges that Kewaunee is having?
A: While all nuclear plants are facing the same general market conditions, the specifics of Point Beach's financial position are fundamentally different than those of the Kewaunee facility. For instance, Point Beach's total output is sold under a long term contract that does not expire until the end of the plant's life (Unit 1 - 2030; Unit 2 - 2033)
Q: Did NextEra consider purchasing the Kewaunee plant?
A: As a matter of policy, we do not comment on rumors or speculation concerning potential purchases of assets.
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