Citing economic reasons, Entergy Corp. on Nov. 2 announced it will close its 838-megawatt FitzPatrick nuclear plant in Scriba, N.Y., by early 2017. Low natural-gas prices and FitzPatrick’s proximity to the Marcellus shale formation have reduced the plant’s revenues to an unprofitable level, the company said. Entergy said power prices have fallen by about $10 per megawatt-hour, which equates to a projected annual loss of more than $60 million in revenues. The FitzPatrick plant will shut down at the end of its current fuel cycle. At the end of August, there was $731 million in the plant’s decommissioning trust fund.
New York Nuke Project Continues Flurry of Decommissionings
November 6, 2015