After 43 years of operation, Pilgrim Nuclear Plant announced Tuesday it will shut down by June 2019. So, what does that mean for Massachusetts and the future of nuclear energy?
Michael Golay, professor of nuclear science and engineering at MIT.
- "Entergy Corp. said in a statement it will close the plant, which provides 680 megawatts of energy to Massachusetts, 'because of poor market conditions, reduced revenues and increased operational costs.' ”
- "The decision will have a significant impact on the town of Plymouth as well as the region. The plant employs about 600 people and provides the South Shore town with $10 million a year and other financial benefits."
- "'Losing Pilgrim as a significant power generator not only poses a potential energy shortage, but also highlights the need for clean, reliable, affordable energy proposals which my administration has put forward through legislation to deliver affordable hydroelectricity and Class-I renewable resources,' Baker said."
- "The Pilgrim Nuclear Power Station was already facing rising costs, declining revenues, and an energy market increasingly inhospitable to nuclear power. And then the federal Nuclear Regulatory Commission delivered some really bad news."
This segment aired on October 13, 2015.