In the latest act in a years-long drama over Illinois’ energy future, ComEd and Exelon have announced a new bill they say reconciles the state’s competing interests.
As Ohio regulators prepare to resume testimony on FirstEnergy’s bid to have all utility customers guarantee sales for certain power plants, another competitor says it can offer a better deal.
Over the past few weeks, Exelon has secured promises for an additional $1.6 billion or more in revenue from capacity auctions, calling into question the need for the Illinois legislature to step in to keep some power plants running.
Former Exelon CEO thinks wind, solar and natural gas are the future of the grid, but says his former company’s nuclear plants need to be supported and kept online.
An Exelon Corp. executive told Illinois legislators Wednesday that the fate of three unprofitable nuclear plants in the state will be decided later this summer.
Illinois legislators within days are expected to propose a low-carbon energy standard aimed at helping prop up Exelon Corp.’s fleet of six nuclear plants.
Illinois legislators will file a widely anticipated bill within the next month aimed at giving a financial lift to Exelon Corp.’s fleet of six nuclear reactors in the state.
Exelon praised findings in the report, and said it supports the company’s assertions about the need for state action to avoid plant closures.
Has Exelon been crying wolf? Or should Illinois intervene to help the company’s nuclear plants prevent closures that could hurt the economy and endanger the electric supply?
Exelon says the EPA’s proposed carbon plan, which designates 6 percent of the nation’s nuclear capacity “at risk” for retirement, provides little help to prop up financially struggling reactors.