AP News

News Summary: Dominion to close Wis. power plant

THE NEWS: Dominion Resources Inc. plans to close and decommission its 556-megawatt Kewaunee Power Station in Wisconsin in the second quarter of 2013 after it was unable to find a buyer for the nuclear power plant. Dominion plans to record an after-tax $281 million charge in the third quarter related to the closing and decommissioning of the station.

THE PLANT: The Carlton, Wis., facility began commercial operation in 1974. Dominion purchased the plant from Wisconsin Public Service Corp. and Wisconsin Power & Light Co. in 2005 for $220 million. The Richmond, Va.-based energy provider had announced plans in April 2011 to sell it.

NUCLEAR FUTURE: CEO Thomas F. Farrell II said Dominion still believes that nuclear energy must play an important part in the nation's energy future. The company operates three other nuclear power stations.

The Aging of Abercrombie & Fitch
blog comments powered by Disqus