|Published:||Oct 22, 2012 9:15 AM EDT|
|Updated:||Oct 23, 2012 6:31 AM EDT|
RICHMOND, Va. (AP) - Dominion Resources Inc. says its plans to close and decommission its Kewaunee Power Station in Wisconsin after it was unable to find a buyer for the nuclear power plant.
The Richmond, Va.-based energy provider on Monday said that the facility is expected to stop producing power in the second quarter of 2013.
Dominion plans to record a $281 million charge in the third quarter related to the closing and decommissioning of the station.
The company had announced plans in April 2011 to sell the facility it purchased from Wisconsin Public Service Corp. and Wisconsin Power & Light Co. in 2005 for $220 million.
Dominion is one of the nation's largest producers and transporters of energy and has the nation's largest natural gas storage system. It serves retail customers in 15 states.