Kewaunee nuclear reactor to be shut down

The Kewaunee nuclear reactor, near Green Bay, will be shut down in mid-2013, owner Dominion Resources announced.

Dominion had been trying to sell the reactor for a year and a half, but could not find a buyer.

In a statement, the company said the decision to mothball the nuclear reactor "was based purely on economics."

The Chicago Tribune reports, "Kewaunee is the first nuclear plant to shut its doors due to competition from natural gas. Production has jumped in recent years as new technologies like horizontal drilling and hydraulic fracturing, or 'fracking,' enable energy companies to tap the United States' vast shale reserves."