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Subsidies for nuclear power, none for renewables – that’s Exelon’s goal

money-lobbyingUtility Exelon Wants to Kill Wind and Solar Subsidies While Keeping Nukes Exelon is fighting renewables because they beat nuclear at new market needs. Xcel and NextEra back renewables. greentech grid, Herman K. Trabish  April 1, 2014

Exelon, the biggest owner of U.S. nuclear power, has renewed its fight to kill wind’s production tax credit — and if Exelon gets its way, solar’s investment tax credit may be next.

Flag-USASources say renewal of wind’s $0.023 per kilowatt-hour production tax credit (PTC), which expired at the end of 2013, will fight its way into the revision of the upcoming Senate Finance Committee’s tax extenders package…….

“This year, it’s the wind industry. Next year, it will be the solar industry,” said Joseph Dominguez, Exelon’s Sr. VP of Policy and Regulatory Affairs. “We’re just handling these subsidies piecemeal instead of looking at the problem more holistically.”……

Exelon says the reason for its opposition to wind’s PTC, for which its membership in the American Wind Energy Association (AWEA) was revoked, is because wind is driving out nuclear in the Midwest and other wind-rich markets……..http://www.greentechmedia.com/articles/read/Utility-Exelon-Trying-to-Kill-Wind-and-Solar-Subsidies-While-Keeping-Nukes

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April 8, 2014 - Posted by | politics, USA

1 Comment »

  1. […] Subsidies for nuclear power, none for renewables – that’s Exelon’s goal […]

    Pingback by The 2014 state of wind energy: desperately seeking subsidies - For God's Glory Alone Ministries | For God’s Glory Alone Ministries | April 22, 2014 | Reply


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