Daniel Radford "When the idea was born in 1969, everyone thought...

May 7, 2024 at 3:01 PM  ·  Comment — Archer T. Ships replied to Daniel Radford's comment.  ·  View on Facebook  ·  Markdown source

Daniel Radford "When the idea was born in 1969, everyone thought electricity demand was going to increase at 8%/year forever. After the 1973 oil shocks, the big customers in New Jersey (oil refineries) had far less demand than anticipated. By the time the OPS plants were ready to be produced, PSE&G could no longer justify the additional generation capacity. OPS held on for as long as it could but never was able to secure another customer. [Three Mile Island] had just happened and the industry was in a period of uncertainty. Eventually, they bit the bullet and shut down the production facility and the effort ended."