The Terra News

Owner threatens to close Three Mile Island nuclear plant as natural gas boom cuts profits

Five years of losses has prompted the parent company to consider shuttering the infamous plant as nuclear power plants around the US fail to compete with generating stations that burn plentiful and inexpensive natural gas to produce electricity.

  1. Marc Levy
    Associated Press

MAY 30, 2017 HARRISBURG, PA.—Cheap natural gas could do what the worst commercial nuclear power accident in US history could not: put Three Mile Island out of business.

Three Mile Island's owner, Exelon Corp., announced Tuesday that the plant that was the site of a terrifying partial meltdown in 1979 will close in 2019 unless the state of Pennsylvania comes to its financial rescue.

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