Doug Scott

Exelon May Close Clinton And Quad Cities Nuclear Plants

May 16, 2016
Exelon

  Exelon Corporation says it may close two nuclear power plants in Clinton and the Quad Cities due to operating losses. 

The company claims an abundance of natural gas has pushed down the price of electricity so much that their nuclear operations can no longer remain profitable.  To hold off the closure, Exelon and ComEd are sponsoring legislation that would subsidize these two plants through rate increases.  Exelon spokesman Paul Dempsey explains.