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September – expected decision on closing Quad Cities nuclear plant

Decision of possibly closing Cordova Exelon plant expected in September, WQAD, JULY 30, 2015, BY  The decision of whether to close the Quad Cities nuclear plant, Exelon, is expected in September of 2015.

This possibility came out during a conference call with analysts on Wednesday, July 29, 2015, according to a report by Crain’s Chicago Business. The company’s CEO Chris Crane said he didn’t see a way to keep the Cordova, Illinois plant open given the lack revenue from customers.

Click here to read the full conference call transcript. 

According to the report, it would take a state law that charges utility customers more to keep the company afloat.  Crane said the company’s six plants are losing money partly due to the low cost of natural gas.

According to Bill Stoermer, Communications Manager for the Cordova Exelon plant, no decisions regarding any of the Illinois nuclear plants have been made……….http://wqad.com/2015/07/30/decision-of-possibly-closing-cordova-exelon-plant-expected-in-september/

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July 31, 2015 - Posted by | business and costs, USA

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