Dive Summary:

• Dominion Resources Inc. finally closed the 556-megawatt Kewaunee Power Station Tuesday.
• The pressurized water reactor in Wisconsin was a part of Dominion's vision for a robust Midwestern nuclear fleet. But plans never took off due to bad economics. For example, Kewaunee's power purchase agreements were ending at a time of projected low wholesale electricity prices in the region.
• "This decision was based purely on economics. The dedicated employees have operated the station safely and well," said David Heacock, president of Dominion Nuclear and chief nuclear officer of Dominion. "We will keep our focus on safety as we transition the station toward decommissioning."

From the press release:

"This closing does not herald the end of our company's commitment to nuclear power," Heacock said. "It is a safe, reliable and carbon-free technology, but as with all forms of generation, it must compete on economics, including the necessity of being price competitive on a regional level."