The Palo Verde Nuclear Generating Station is a nuclear power plant located near Tonopah, Arizona, in western part of the state. It is located about 45 miles due west of downtown Phoenix, Arizona, and it is located near the Gila River, which is dry except during the rainy season of the late summer.
The Palo Verde Nuclear Power Plant is the largest power plant in the United States by net generation. Its average electric power production is about 3.3 gigawatts (GW), and this power serves about four million people. The Arizona Public Service Company (APS) owns 29.1 percent of the station and it also operates this power plant. Its other major owners include the Salt River Project (17.5%), the El Paso Electric Company (15.8%), Southern California Edison (15.8%), PNM Resources (10.2%), the Southern California Public Power Authority (5.9%), and the Los Angeles Department of Water and Power (5.7%).
The Palo Verde Nuclear Power Plant is located in the Arizona desert, and is the only large nuclear power plant in the world that is not located near a large body of water. The power plant evaporates the water from the treated sewage from several nearby cities and towns to provide the cooling of the steam that it produces.
The Palo Verde Nuclear Power Plant is located on 4,000 acres of land, and it consists of three pressurized water reactors, each with an original capacity to produce 1.27 GW of electric power. By 2007, this had been decreased slightly to 1.24 GW. The usual power production capacity is about 70 to 95 percent of this. This nuclear power plant is a major source of electric power for the densely populated parts of Southern Arizona and Southern California, e.g. the Phoenix-Scottsdale, and Tucson, Arizona, Los Angeles, and San Diego metropolitan areas.
The Palo Verde Nuclear Power Plant produces about 35 percent of the electric power that is generated in Arizona. This power plant became fully operational by 1988, and it took twelve years to build and cost about 5.9 billion dollars. This power plant employs about 2,055 full-time workers.
The Palo Verde Nuclear Power Plant supplies electricity at an operating cost (including fuel and maintenance) of about 1.33 cents per kilowatt-hour. This is cheaper than the cost of coal (2.26 cents per kW•h) or natural gas (4.54 cents per kW•h) in the region as of 2002. However, this power is more expensive than hydroelectric power (0.63 cents per kW•h). Assuming the plant remains in operation for 60 years with a five percent long-term cost of capital, the fixed cost is approximately another 1.4 cents per kilowatt-hour.
In 2002, the wholesale value of the electricity produced was 2.5 cents per kW•h. By 2007, the wholesale value of electricity at the Palo Verde Nuclear Power Plant was 6.33 cents per kW•h.
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