Pilgrim nuclear power plant to close in Plymouth (by mid 2019)

[FBaggins]

Entergy, a Louisiana-based energy conglomerate that has owned Pilgrim since 1999, said it will close the plant no later than June 2019. It will keep its estimated 600 workers on its payroll until that time.


“The decision to close Pilgrim was incredibly difficult because of the effect on our employees and the communities in which they work and live,” Leo Denault, Entergy’s chairman and chief executive officer, said in a statement.

Bill Mohl, president of Entergy Wholesale Commodities which oversees the company’s nuclear power plants, told the Globe the company expected to lose $40 million a year if it kept the plant operating.

“The decision with Pilgrim is really based on the financial viability of the facility,’’ Mohl said in a telephone interview. He said the declining prices of natural gas have contributed to the company’s expected revenue loss of $40 million annually. “The bottom line is we looked out in the future and it became very clear we would be cash flow negative and not profitable.’’


https://www.bostonglobe.com/metro/2015/10/13/entergy-close-pilgrim-nuclear-power-station-nuclear-power-plant-that-opened/fNeR4RT1BowMrFApb7DqQO/story.html

[Throckmorton]

1. I am glad I got out two years ago.

As more plants close, the remaining owners treat their employees more and more like slaves.

Go, find another job that pays like this, I was told by my manager when I told him I was done with nuclear power.


Today I work on controls for micro-grids in New England, and have never been happier.