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Report: Chicago area firm looking to buy Kewaunee Nuclear Power Plant

KEWAUNEE, WI (WTAQ) - A Chicago area company wants to buy the Kewaunee Nuclear Power Plant that closed just over a year ago in eastern Wisconsin.

But the current owners say it's not for sale.

RGA Labs still plans to make its pitch to area officials and residents Thursday night. RGA president Robert Abboud tells WBAY-TV that his firm would pay millions in cash for the nuclear plant, and re-start the production of electricity.

Dominion Resources of Virginia closed the Kewaunee plant after utilities which had bought the facility's power found it cheaper to make their power using natural gas.

Dominion has been busy preparing to move spent fuel from inside the plant, and proceeding to a new stage of decommissioning the facility.

(Story courtesy of Wheeler News Service)