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Scientists refute Exelon’s claim about costs of replacing nuclear with renewable energy.

Exelon CEO: Replacing nuclear with renewables, storage to meet carbon goals could cost Illinois $80B Utility Dive,  May 6, 2021 ”………..Achieving the same amount of zero emissions power through renewables and storage would be 12 times more expensive than continuing to run Illinois’ nuclear plants and cost the state’s consumers $80 billion, Exelon CEO Chris Crane said during the company’s Q1 earnings call on Wednesday………….

the Union of Concerned Scientists disputed Crane’s remarks regarding the cost of replacing nuclear with renewables and storage in Illinois. 

“Crane’s comment that renewables plus storage would cost 12 [times] or $80 billion more than keeping the existing nuke plants running is ridiculous. I’m guessing he’s comparing the incremental cost of keeping them running (basically the subsidies) to the all-in cost of adding new renewables plus storage and the tax credits,” said Steve Clemmer, director of energy research for the UCS Climate and Energy Program.   …….

In addition to the governor’s proposal, several other energy policy reform bills have been introduced in Illinois to drive the state’s energy transition and tackle climate change. Legislative leaders are meeting to develop a package from the various bills that can be considered this session, 

May 8, 2021 - Posted by | business and costs, USA

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