The owner of a nuclear power plant in western Pennsylvania has reversed a previous decision and will keep the plant open beyond 2021, Kallanish Energy reports.
That news about the Beaver Valley nuclear power station deactivation being rescinded came last week from Ohio-based Energy Harbor Corp. in a filing with electricity regulators.
But the company said keeping the 1,872-megawatt plant open is dependent on Pennsylvania adopting a cap-and-trade plan to control carbon dioxide emissions.
Pennsylvania Gov. Tom Wolf has been pushing a new climate plan for his state to join the Regional Greenhouse Gas Initiative with other nearby states, although some legislators have opposed that move. That plan is pending.
Ten other states in the East are part of that effort.
Such a cap-and-trade program would create a level playing field for the company’s nuclear power plants and help market carbon-free energy to customers, said president and CEO John Judge in a statement.
Deactivation would be revisited by Energy Harbor if Pennsylvania fails to join the regional program, Judge said.
The federal Nuclear Regulatory Commission has also been verbally notified of the change in plans.
In March 2018, then-owner First Energy Solutions had said it would close Beaver Valley with its two reactors in 2021. It cited competition from cheap natural gas.
It then sought federal and state bailouts for its coal and nuclear power plants. A federal bailout failed but the company did get $1 billion in financial assistance from the state of Ohio.
FirstEnergy Solutions later rebranded as Safe Harbor. It emerged last month from Chapter 11 reorganization.
The facility is located in Shippingport, Pennsylvania, and employs about 1,000 workers.
This post appeared first on Kallanish Energy News.