KEWAUNEE, WI (WTAQ) - The Kewaunee Nuclear Power Plant will stop making electricity on May 7th.
The date was announced Monday, after the plant’s owner – Dominion Resources – first announced the shutdown last fall.
About 650 jobs will be phased out during the next couple of years – many this summer – while the nuclear plant undergoes a detailed closure.
Dominion said it could not find a buyer for Kewaunee, because the utilities that buy the power have contracts running out at the end of the year. And they won’t renew them, because it’s cheaper for the utilities to get power from plants fired by natural gas.
In a filing with the Nuclear Regulatory Commission, Dominion said it has adequate funds to cover the plant’s decommissioning, a plan to manage spent fuel, and a restoration of the site.