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Exelon’s threat to Illinois – aiming to get more tax-payer funding

Illinois officials call Exelon plan to close 4 GW of nuclear a ‘threat’ to secure more subsidies, UtilityDive, Catherine Morehouse @cmorehouse10– Aug. 28, 202

Dive Brief:

Exelon on Thursday announced it would close two of its nuclear plants totaling over 4.1 GW of nuclear power by fall of 2021, blaming in part a 2019 rule implemented by the Federal Energy Regulatory Commission that raises the bidding price for state-subsidized resources in the PJM Interconnection…….
But stakeholders, including representatives from Illinois Democratic Gov. J.B. Pritzker’s office, say the utility’s “threats” are a thinly veiled attempt to secure more funding from the state. ……. https://www.utilitydive.com/news/illinois-officials-call-exelon-plan-to-close-4-gw-of-nuclear-a-threat-to/584301/

September 7, 2020 - Posted by Christina Macpherson | business and costs, politics, USA

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