Friday, June 1, 2018

Three Mile Island’s future looks bleaker as it fails at power auction

The future of Exelon’s unprofitable Three Mile Island nuclear power plant looks even bleaker after company said today it failed at an annual auction for the future sale of its electricity.
In addition to TMI, Exelon’s Dresden and Byron plants (both in Illinois) did not clear in the 2021-2022 auction to supply the Mid-Atlantic and Midwest regional power grid, known as PJM Interconnection.
Failing to clear the auction means the plants are not able to produce power at a price the market is willing to pay. Exelon says TMI has been unprofitable for six years.

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