Ginna Power Plant an Economic Powerhouse

R.E. Ginna nuclear power plant

(NEI) Feb. 9, 2015—The operation of Exelon’s R.E. Ginna Nuclear Power Plant generates an average annual economic output of over $350 million in western New York state and an impact on the U.S. economy of about $450 million per year, a new economic analysis reveals.

The study, “Economic Impacts of the R.E. Ginna Nuclear Power Plant,” was prepared by the Nuclear Energy Institute. It analyzes the impact of Ginna’s operations through the end of the facility’s 60-year operating license in 2029. The 580-megawatt pressurized water reactor produces enough electricity to power 400,000 homes. 
 
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US Nuclear Power Plants Posted Record High Efficiency in 2014

Average Capacity Factor of 91.9 Percent Surpasses Prior Record Set in 2007

 

WASHINGTON, DC, Jan. 22, 2015 (GLOBE NEWSWIRE) -- U.S. nuclear energy facilities generated electricity at a record high level of efficiency in 2014, again demonstrating nuclear energy's value to the reliability and stability of the electric grid and to the nation's economy.

One hundred nuclear power plants operating in 31 states posted an estimated average capacity factor of 91.9 percent, based on preliminary 2014 data compiled by the Nuclear Energy Institute. That surpasses the industry's prior record set in 2007 by one-tenth of a percentage point. Capacity factor measures total electricity generated as a percentage of year-round potential generation.

 Actual electricity production from nuclear energy facilities last year was the sixth-highest ever, at an estimated 798.4 billion kilowatt-hours (kwh). The industry's record high electricity generation came in 2010, when the 104 reactors then operating produced 806.9 billion kwh of electricity while posting an industry average capacity factor of 90.9 percent.

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Report: Nuclear Energy Essential To Illinois' Economy, Environment

NEI - Nuclear Energy Institute
Study Shows Severe Consequences if Three Illinois Nuclear Plants Close

 WASHINGTON, Oct. 1, 2014 (GLOBE NEWSWIRE) -- Illinois' six nuclear energy facilities deliver enormous economic, environmental and electric reliability benefits to the state, according to a new analysis from the Nuclear Energy Institute. The benefits include nearly $9 billion of annual economic stimulus and almost 28,000 direct and secondary jobs across the state. The highly efficient power stations generated 90 percent of Illinois' carbon-free electricity.

The NEI study is entitled "The Impact of Exelon's Nuclear Fleet on the Illinois Economy."

"Illinois is fortunate to have such a workhorse for the state's economy, environment and energy reliability," said Richard Myers, NEI's vice president for policy development. "These nuclear assets have been delivering value to Illinois consumers for decades and they should never be taken for granted."

The report includes an analysis of the consequences if three Illinois nuclear plants were to retire prematurely because many key attributes of the facilities are not properly valued in the electricity market. It shows that the consequences for the state's economy and environment would be dire.

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