Broke Ft.Calhoun Nuclear Plant Owner Signs Questionable Deal With Exelon

OPPD, the public power utility that owns the Ft. Calhoun nuclear plant in Nebraska has admitted they do not have the $143 million dollars needed to do repairs to get the flood damaged nuclear plant back online.

The power utility has signed a long term contract with Exelon to repair and run the plant. This $400 million dollar contact was signed without any public review and now OPPD refuses to give the media a copy of this contract citing business trade secrets. OPPD claims the $143 million repair bill  will “deferred” somehow but does not clarify how. They have also not ruled out raising rates on consumers.

The plant has been plagued with problems. Fires, flood water infiltration, erosion under the plant, issues with the intake system, whistle blower suits and staff failures. OPPD insists they will start the reactor in December to test it. They do not mention how much of the $143 million in repairs have been completed. Meanwhile the Missouri river that caused the problems at the plant in the first place is incredibly low. It is unclear if the current levels are sufficient to provide a stable water supply for the plant if they do restart it.

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