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Illinois nuclear power stations’future hangs in the balance, awaiting decision on taxpayer subsidies.


Fate of Illinois nuclear plants in balance after PJM auction fail and stalled subsidy 
plan. Utility Dive  June 7, 2021  By Scott Voorhis  

Dive Brief:

  • Exelon Corp. reports that three of its nuclear plants in Illinois failed to clear the PJM Interconnection’s capacity auction last week.
  • Exelon, in a filing with the U.S. Securities and Exchange Commission, revealed that its Bryon, Dresden and Quad Cities nuclear plants in Illinois all failed to sell their power at the PJM auction, losing out to other power plants and energy resources. Bryon and Dresden are currently slated to be retired this fall, with Quad Cities remaining open thanks to previously awarded subsidies from the state of Illinois.

The fate of Illinois’ nuclear power sector, meanwhile, remains in the balance, as an impasse drags on in the state legislature over an energy bill that would provide hundreds of millions of dollars in subsidies to the sector………….. https://www.utilitydive.com/news/fate-of-illinois-nuclear-plants-in-balance-after-pjm-auction-fail-and-stall/601324/

June 8, 2021 - Posted by | business and costs, politics, USA

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