States that want to keep their aging nuclear power fleet from retiring now have a court-approved roadmap for doing so. That’s because two federal courts of appeals last month upheld very similar state laws in Illinois and New York aimed at subsidizing those states’ under-performing and at-risk nuclear power plants.
The current market conditions are, quite literally, killing the nuclear power industry. With natural gas prices low and cheap renewable energy flooding the markets, it’s been virtually impossible for many nuclear power plants to compete.
