Dominion Shutters Kewaunee Power Station; Shares Rise 1%


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Dominion ( D ) today has shut down its 556-mw Kewaunee Power Station permanently, ending almost 40 years of nuclear-generated electricity at the station located about 35 miles southeast of Green Bay on Lake Michigan.

Dominion announced last fall that it would close the station and decommission it because the company was unable to grow a Midwestern nuclear fleet to take advantage of economies of scale and Kewaunee's power purchase agreements were ending at a time of projected low wholesale electricity prices in the region.

D is up 0.7% to $60.88. Shares have a day's range of 460.35 - $60.94, with a

52-week range of $48.94 - $61.85.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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