"Pilgrim Nuclear Plant Says It May Shut Down"

"Officials at the Pilgrim Nuclear Power Station are considering whether they can afford the multimillion-dollar safety improvements and other reforms required by federal officials. If not, they say, they might close the plant.

After the federal Nuclear Regulatory Commission downgraded the plant’s safety rating this month, Pilgrim joined two reactors in Arkansas as the least safe in the country. Expensive repairs are needed to raise the safety rating of the 43-year-old plant, run by Entergy Corp. since 1999.

“If the corporation finds that the cost of making the improvements of the plant exceed the value of the plant, the corporation may decide to shut the plant down,” said David Noyes, the plant’s director of regulatory and performance improvement."

David Abel reports for the Boston Globe September 17, 2015.