nuclear-news

Clinton Power Station and Quad Cities Generating Station – nuclear plants to close

Exelon to close 2 nuclear plants, news.com.au  3 June 16 Exelon Corp will shut two Illinois nuclear power plants after the state Legislature declined to act on the company’s request for financial support.

The Clinton Power Station in Clinton will close June 1, 2017, and the Quad Cities Generating Station in Cordova will close June 1, 2018, the Chicago-based power provider said in a news release on Thursday.

Exelon said it made the decision because the future is unclear for legislation which would extend state subsidies to nuclear power plants……

Exelon said it would continue to work to pass the legislation, known as the Next Generation Energy Plan.

The company said it would brief the Illinois governor’s office, state officials and community leaders……

The Clinton and Quad Cities locations are Exelon’s best-performing plants, but they’ve lost $US800 million ($A1.10 billion) over the last seven years, the company said…….http://www.news.com.au/finance/business/breaking-news/exelon-to-close-2-nuclear-plants/news-story/514a301601c870e58cf59c9b5f36ae46

June 3, 2016 - Posted by Christina Macpherson | general