EXELON DEFERS DECISIONS ON ITS QUAD CITIES AND BYRON NUCLEAR PLANTS FOR ONE YEAR
Deferral follows outcome of third PJM capacity auction
CHICAGO
(Sept. 10, 2015) — Exelon Corporation (NYSE: EXC) today announced that
all of its nuclear plants in the PJM market cleared in the transition
capacity auction for the 2017-18 planning year and that the company will
defer any decisions about the future operations of its Quad Cities and
Byron nuclear plants for one year. As a result, the company plans to
continue operating its Quad Cities nuclear power plant through at least
May 2018. The Byron plant is already obligated to operate through May
2019.
Exelon intends to bid Quad Cities, Byron, Three Mile
Island and all eligible nuclear plants into the 2019-2020 PJM capacity
auction next year. The decision to defer retirement decisions comes
after rigorous analysis of the present and future economics of the
plants, taking into consideration the constructive market trends
stemming from the PJM capacity auction reforms.
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