Nuclear Power Industry Meltdown | Inside Energy

Great Lakes beaches have always been popular for tourists. But in the 1970s and 80s, they were also prime real estate for nuclear power plants because there was lots of water to cool the reactors. Now there are nine nuclear plants on the lakes – but cheaper energy sources are forcing some to shut down.

Nuclear power produces one fifth of the electricity in this country. It’s a carbon emissions free source of energy, but the industry is in trouble – aging reactors, high overhead costs and cheap natural gas are threatening to shutdown more and more reactors. And that’s not even considering the ongoing problems of what to do with nuclear waste.

Palisades Nuclear Power Plant is one of the nuclear plants currently threatened with shut down. It’s located in Covert, Mich., on the southern shore of Lake Michigan. Rosemary Thurber lives about five miles from there, and when she found out Palisades plans to close next year, she was relieved. The 45-year-old plant is one of the oldest in the country and has had several emergency shut downs.

“If we had an accident – a really bad accident – we would lose our tourist industry, we would lose our orchards, our agriculture, our wineries. Just everything that I like about this part of the world,” Thurber said.

But the closure worries many people in the area, including Mike Neiss. He worked for Palisades for about five years in the 80s.

“It’s just a very sad thing and I think it’s not only going to affect us economically but socially the town will change as well,” he said. “Since it’s going to be pretty much summer home owners and summer rentals. And we’re going to miss that neighborhood and that community feel.”

Shutdowns have been triggered by changes in the energy industry. Gene Grecheck of the American Nuclear Society, a group made up of workers in the nuclear industry, says natural gas prices are at rock bottom right now. And unlike energy sources like wind and solar, the nuclear industry doesn’t get as many federal subsidies.

“They’ve just reduced the price of electricity to the point that the operators of nuclear power plants find it very difficult to compete,” Grecheck said.

Rebecca Thiele / Great Lakes Today

An eighth grade math classes at Covert Public Schools. The district has many low-income, minority students and has outperformed many districts in the state like it.

When a nuclear plant shuts down, it can leave a big hole in a community. About half of the funding for Covert Public Schools comes from taxes on Palisades Nuclear Plant. Superintendent Bobbi Morehead says those dollars make a difference. Most school districts set aside five percent of the money left over at end of a budget year as a kind of rainy day fund. Right now Covert Schools sets aside 65 percent.

“We’re always preparing that things could change quickly,” Morehead said.

Van Buren County Administrator Doug Cultra says Palisades employs more than 130 people in the county. What’s more,…

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