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Exelon now to keep two Illinois nuclear stations open, following new State law subsidising nuclear

Two nuclear power plants in northern Illinois reversed plans to retire early, eia, 31 Oct 21,  Exelon, the owner-operator of Illinois’s six nuclear power plants, recently announced that the Byron and Dresden nuclear plants will continue operating rather than retire this fall as previously planned. The announcement came after the Illinois state legislature and governor approved a clean energy bill supporting [so-called] carbon-free energy resources…………..

The bill also supports nuclear power plants in the state through a carbon credit plan, where utilities that serve more than 300,000 residential customers are required to purchase electricity credits generated from certain nuclear plants. S.B. 2408 comes in addition to an existing Zero Emission Credits (ZEC) program that began in 2017 and provides revenue to participating nuclear power plants in Illinois.

Prior to S.B. 2408, the Byron and Dresden plant operators reported to EIA that they had planned to retire the plants in September and November 2021, respectively. For power plants with one megawatt (MW) of capacity or more, plant owners and developers report planned capacity retirements and additions to EIA, which we compile and publish in our annual and monthly electric generator inventory data………… https://www.eia.gov/todayinenergy/detail.php?id=50136

November 1, 2021 - Posted by | politics, USA

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