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Exelon keeps up its drive for subsidies to keep uneconomic nuclear reactors going.

Lacking a lifeline, Exelon’s Illinois nuclear plants to retire in fall -CEO  Aug 4 (Reuters) – U.S. energy company Exelon Corp (EXC.O) said on Wednesday it still plans to retire uneconomic nuclear reactors at Byron and Dresden in Illinois this autumn unless some state or federal program is passed to save the plants.

Exelon Chief Executive Christopher Crane said in an earnings release that the company remains “hopeful that a state solution will pass in time to save the plants,………

there is also lingering public and political anger at Exelon’s Commonwealth Edison unit after the Chicago-based utility agreed to pay $200 million to resolve a U.S. Justice Department probe over inappropriate lobbying practices in 2020…….

In 2016, Exelon, which operates six nuclear plants in Illinois, won state subsidies that analysts have said provide about $230 million a year to keep its Clinton and Quad Cities plants operating.

Exelon, however, has long sought subsidies for its other Illinois nuclear plants.

Exelon has been successful in winning subsidies in New York and New Jersey to keep reactors operating to help meet those states’ clean(?) energy goals.https://www.reuters.com/business/energy/lacking-lifeline-exelons-illinois-nuclear-plants-retire-fall-ceo-2021-08-04/

August 5, 2021 - Posted by | politics, USA

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