Wisconsin nuclear plant on the auction block

[jpak]

http://www.reuters.com/article/2011/04/28/us-wisconsin-nuclear-sale-idUSTRE73R8DC20110428

One of America's oldest nuclear power plants is up for sale.

Dominion Resources said on Thursday it wants to sell its Kewaunee Power Station north of Manitowoc, Wisconsin.

The Virginia-based power producer did not say what it expected the plant to fetch in the current marketplace, where the ongoing crisis in Japan has fanned fears of the risks associated with nuclear technology.

Dominion bought the 38-year-old plant in 2005 for $220 million as the first step in what it hoped would be an expansion into the Midwest. But the company was outbid by rivals when other plants in the region came on the auction block.

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[buddysmellgood]

1. Why would anyone want to buy a plant that everyone will want to shut down?

[leveymg]

3. They're expecting federal money for a "safety upgrade."

No money for hungry kids and medicine for old people, but the nuke industry will get (more than) their fair share at the trough.

Move over there, porker.

[leveymg]

2. Exelon is gobbling up nukes, right and left. They just bought Constellation Energy for $8 bil.

They're already the largest nuke corp in the country. http://www.reuters.com/article/2011/04/28/constellationenergy-exelon-idUSL3E7FS2MZ20110428

Really getting their money's worth under this Administration.