Monday, February 10, 2014

Exelon May Shut Down Nuclear Plants

Exelon May Shut Down Nuclear Plants:, by Ethan Howland, February 7, 2014
Crain's Chicago Business, by Steve Daniels, February 6, 2014
Some of Exelon's ten nuclear plants are unprofitable and the company may shut them down. Analysts have identified the downstate Clinton plant and Quad Cities as the two in Illinois that fit this description. A decision is expected by the end of the year. The Chicago-based company contends that its roughly 19,000 MW of nuclear plants have been hurt by low power prices caused by subsidized wind generation and low natural gas prices. Exelon argues that tax credits enable wind farms in areas of the country that have a surplus of power, like Illinois, to run profitably even when wholesale prices are zero. Accordingly, the company will push for policies to end renewable subsidies.

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