Report Cites Cost of Closing Beaver Valley & Three Mile Island

A new report authored by a consulting firm called The Brattle Group claims the premature retirement of both the Beaver Valley and Three Mile Island nuclear power plants could result in a $285 million increase in electricity costs for Pennsylvania consumers.  The report was commissioned on behalf of a nuclear advocacy group called Nuclear Matters.

 Beaver Valley 

Beaver Valley 

The nine-page report released Monday examined the economic and environmental impacts of the potential closure of the two Pennsylvania nuclear plants, as well as two other FirstEnergy-owned plants in Ohio.

 Three Mile Island

Three Mile Island

If the plants were to go offline, Pennsylvania and Ohio would lose the zero-emission benefits of power generation, the report said. To that end, the authors estimated an additional 21 million metric tons of carbon dioxide would be released annually by other power plants, or the equivalent of 4.5 million additional cars on area roadways.

That’s not to mention that the four power plants directly employ more than 3,000 people, as well as hundreds of contractors who perform maintenance and security work for the plants. Most, if not all, of those jobs would disappear if the plants close, which would result in the loss of hundreds of millions of dollars in state and local tax revenues.

In August of 2013, the Vermont Yankee Nuclear Power Plant closed prematurely, which resulted in drastic loss of local tax revenues and increases in carbon emissions.

If these plants close, the livelihoods of thousands of Ohio and Pennsylvania residents will disappear. The over 3,000 highly skilled individuals directly employed by these sites will leave to seek employment at other facilities still operating around the country.  (The Times Online, 4/16/2018)