Dive Summary:
- Dominion Resources Inc. announced on Monday that the Kewaunee Power Station in Carlton, Wisc., will be closed after the company failed to find a buyer for the facility.
- The 556-megawatt nuclear plant will likely be shut down in Q2 of 2013.
- Dominion revealed its plans to try and sell the plant in April 2011.
From the article:
"... The company had announced plans in April 2011 to sell the facility it purchased from Wisconsin Public Service Corp. and Wisconsin Power & Light Co. in 2005 for $220 million, as part of a strategic review of its assets. Dominion had previously planned to acquire additional plants and build a business around that portfolio. ..."
