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Moving into wind energy – away from nuclear power?

the decision left the country’s largest nuclear operator without a direct role in what the nuclear industry hopes is a renaissance…

Exelon withdrew its application for a construction and operating license for a twin-unit nuclear plant in Victoria County, Tex.,….

A Nuclear Giant Moves Into Wind, NYTimes.com, By MATTHEW L. WALD, August 31, 2010, John Rowe, chief executive of Exelon.Exelon Corporation John Rowe, chief executive of Exelon.Exelon, a nuclear giant that recently backed away from building new nuclear plants, is moving into wind.

The company announced today that it was buying John Deere Renewables, which has 735 megawatts in operation and 230 megawatts in “advanced stages of development” in Michigan. The price was $860 million, plus another $40 million if ground is broken on the Michigan projects.

In March, Exelon withdrew its application for a construction and operating license for a twin-unit nuclear plant in Victoria County, Tex., citing lower projections for electric demand because of the recession. It had stopped work on the application last year Instead, it asked the Nuclear Regulatory Commission for pre-approval of the site, which would speed up the approval process if it decided later that it wanted to build. But the decision left the country’s largest nuclear operator without a direct role in what the nuclear industry hopes is a renaissance…..The purchase will instantly make Exelon one of the nation’s largest wind operators.

Exelon, a Nuclear Energy Giant, Moves Into Wind Power – NYTimes.com

September 1, 2010 - Posted by | renewable, USA | , , , , ,

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