Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Three Mile Island in Middletown, Pennsylvania. Photo: Jeff Fusco/Getty Images
Three Mile Island nuclear power plant will begin a planned shutdown on June 1 now that owner Exelon confirmed it won't receive financial aid from Pennsylvania's government, AP reports.
The impact: Nuclear provides 94% of Pennsylvania's carbon-free electricity. Coal and natural gas plants — which burn fuel cheaper, but emit carbon dioxide — are expected to make up for the lost power. As for jobs, the plant employs nearly 700 people.
The intrigue: Three Mile Island was the site of America's worst nuclear-energy accident in 1979. One reactor shut down following that, which has created extra financial hurdles for the plant since.
The big picture: Nuclear power plants aren’t compensated for their carbon-free profiles like wind and solar, so plants across the country are being financially squeezed in similar situations. One-third of America’s nuclear power could be taken offline in the next few years, while as much as two-thirds could be unprofitable in the same amount of time, according to MIT research.
What's next: The plant will be offline by Sept. 30, according to Exelon.
Go deeper: As climate change worsens, America faces more nuclear closures ("Axios on HBO" segment)