Exelon

Exelon To Close Two Illinois Nuclear Plants

Jun 2, 2016
Exelon

Exelon Corp. says it will move forward with plans to shut two Illinois nuclear plants after the Illinois Legislature didn't act on its request for financial support. 

The company announced it will close the Clinton Power Station in Clinton on June 1, 2017, and the Quad Cities Generating Station in Cordova on June 1, 2018. 

Exelon says the locations are its best-performing plants but they have lost $800 million over the last seven years. About 1,500 people work at the plants. 

Exelon

Nuclear energy workers were in Springfield Tuesday in a last-ditch effort to save two of Exelon's Illinois plants.

The energy behemoth says that, unless legislators pass a law by the end of this month, it will shut down the plants in Clinton and the Quad Cities.

Jeff Bartz, who's from Colona, says that would lead to a loss of thousands of jobs and wipe out a big part of the regional tax base. Bartz says nuclear power has advantages.

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. 

Flickr User James Bowe / "Lightbulb" (CC BY 2.0)

The nuclear, coal and renewable-energy industries find themselves vying for the attention of Illinois lawmakers this legislative session.

Lawmakers are trying to work on the state budget impasse, but energy providers hope they will focus on legislation to deal with Illinois' long-term power needs before the scheduled May 31 adjournment.

The Springfield bureau of Lee Enterprises newspapers reports that all three industries back measures that they say are vital to the state's energy future and economy.

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First, Exelon said that it would wait a year before making decisions on two money-losing nuclear plants in northern Illinois. Now, the Chicago-based energy company says it will also wait a year before deciding what to do with the Clinton nuclear power plant in DeWitt County.

Exelon says a key factor in their decision is an announcement by the Clinton plant’s regional grid operator MISO that it may reform its auction process for setting supplier capacity. The process is a key factor in determining revenue for electric power plants.

Exelon Amping Up Threat To Close Nukes

May 6, 2015
Exelon

The company says it's not a bailout and instead argues it’s trying to level the playing field.  Illinois already gives some incentives for renewable sources, like energy and wind.

Supporters of Exelon's measure, like Democratic Representative Larry Walsh Junior of Joliet,  say nuclear power deserves that push.

"Nuclear energy plants provide Illinois with a reliable, carbon-free solution for their energy needs. And we need to do all we can to preserve these plants."

Exelon Wants Reward For Low-Carbon Power

Feb 26, 2015
Exelon

After issuing warnings it may have to close down half its nuclear fleet,  Exelon has introduced a proposal it says would keep them open. It signals the start of what's expected to be a long debate over energy policy in Illinois.

Exelon is one of the biggest and most powerful corporations in the state.

"No one from Exelon has ever denied that the company is profitable. It is," said Joe Dominguez, Senior Vice President of Exelon Generation.

Exelon

A spokesman for Exelon's Byron station confirms there are economic pressures on the Byron, Clinton and Quad Cities facilities. The spokesman tells WNIJ that Exelon sent lawmakers information in the hopes they gain a better understanding of the value of these nuclear facilities to the state economy and the impact of closing at-risk facilities early.

How Real Is The Threat To Close Nuke Plants?

Mar 11, 2014
Exelon Corporation

One energy analyst says discussion about closing some of Exelon's nuclear power plants in Illinois should be viewed as a real possibility.

Illinois At The Center Of Nuclear Waste Debate

Nov 1, 2013
Exelon Corporation

A U.S. Senate proposal would address the need for a permanent storage site for the nation’s nuclear waste. But an Illinois watchdog has concerns how it might affect the state in the short-term.

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