Expansion of Comanche Peak Nuclear Power Plant Suspended
mdsolar writes in with news that plans to build two new reactors at the Comanche Peak nuclear power plant have been put on hold. "On Friday, Luminant, a subsidiary of Dallas-based Energy Future Holdings, suspended its application to the U.S. Nuclear Regulatory Commission to build two new reactors at the plant. Its partner on the project, Mitsubishi Heavy Industries, said it was focusing on getting its nuclear reactors in Japan back in operation. The majority of Japan's reactors were shut down because of safety concerns following a 2011 tsunami that caused a radiation leak at the Fukushima Daiichi nuclear complex 150 miles north of Tokyo. Mitsubishi 'has informed us that they will materially slow the development of their design control document for their new reactor design by several years. In addition, both [Mitsubishi] and Luminant understand the current economic reality of low Texas power prices driven in large part by the boom in natural gas,' read a statement from Luminant."
A slow economy and depressed energy prices due to shale gas have certainly delayed plans for new nuclear. As we shut down more coal plants and when the economy picks up, we will be faced with the choice of becoming heavily dependant on gas, or building more nuclear. Shale gas prices will rise as our dependency increases. some dream that solar and wind can fill the huge gap but as most if us know it simply can't. Meanwhile, the worldwide expansion of nuclear continues, and appears to be picking up steam.
Side note: The reactors at Fukushima are GE design, not Mitsubishi Heavy Industries, as some readers might conclude from the author's attempt to tie the two together.