Building Britain’s first new nuclear reactor since 1995 will cost twice as much as the 2012 Olympics – and by the time it is finished, nuclear power could be a thing of the past. How could the government strike such a bad deal? By Holly Watt
The company that owns the Three Mile Island nuclear plant, site of the worst nuclear disaster in U.S. history, announced that it plans to shutter the facility in 2019 unless the state of Pennsylvania steps in to keep it open. The plant near Harrisburg, Pa., hasn’t been profitable for the past five years, according to owner Exelon Corp. The company announced last week that it failed to auction off future energy production from Three Mile Island for the third year in a row.