nuclear-news

While State and Federal governments hurry to subsidise nuclear power plants, Exelon is closing Illinois nuclear stations anyway

State, federal efforts too late to save Exelon’s Illinois nuclear plants, CEO Crane says, Utility Dive  Aug. 6, 2021  Iulia Gheorghiu

Dive Brief:

• Exelon Generation has two Illinois nuclear plants slated for shutdown and decommissioning this fall, despite recent federal proposals for both a tax credit and a fund for existing nuclear plants, and rising power prices in the state………….

Dive Insight:

Federal momentum is picking up on creating incentives for existing nuclear generation to stay online: The House and Senate introduced a $15/MWh production tax credit (PTC) for existing nuclear power plants, and the infrastructure bill now in the Senate would set aside $6 billion under the Department of Energy to support nuclear plants facing economic risks of shutdown…………

Exelon executives emphasized that the federal incentives, including the PTC, are only proposals at this point…….

[W]e need to make decisions based on laws that have actually been enacted, and nothing has yet come to fruition in D.C. as of yet,” Kathleen Barron, Exelon’s executive vice president of government, regulatory affairs and public policy, said during the quarterly call……………… https://www.utilitydive.com/news/state-federal-efforts-too-late-to-save-exelons-illinois-nuclear-plants-c/604579/

August 7, 2021 - Posted by Christina Macpherson | politics, USA