How Not to Save Nuclear
Emergency Bailouts Aren’t Climate Policy
Nuclear closures are dramatic affairs. The past week has been a tragedy for FirstEnergy. It announced the planned retirement of three of its nuclear plants in Ohio and Pennsylvania, declared Chapter 11 bankruptcy for its subsidiaries, and requested an unlikely emergency subsidy — putting the fate of its nuclear plants in the hands of the federal government. The maelstrom of uncertainty surrounding FirstEnergy illustrates the challenges facing American nuclear as a whole. Nuclear is politically unpopular and economically undercut by natural gas; at least a dozen nuclear plants across the country are scheduled for retirement in the next ten years.