Tag Archives: ComEd

PRESS RELEASE: “NO RATIONAL BASIS FOR EXELON NUCLEAR BAILOUT” NEIS CONTENDS

“NO RATIONAL BASIS FOR EXELON NUCLEAR BAILOUT” ENVIRO GROUP CONTENDS

35-year old environmental, safe-energy group sends strongly worded letter to legislators advising rejection of corporate “wealth transfer”

 CHICAGO–  In a strongly worded letter to state officials warning of “no rational basis for the Exelon nuclear bailout,” a 35-year old Illinois environmental organization today urged legislators to reject the proposed bailout.

Calling it “a ‘wealth transfer’ of billions of dollars from [Illinois] ratepayers to Exelon’s shareholders,” Nuclear Energy Information Service (NEIS) stated that, “this nuclear bailout is not defensible from an environmental, jobs, business or any other rational standard,” Continue reading PRESS RELEASE: “NO RATIONAL BASIS FOR EXELON NUCLEAR BAILOUT” NEIS CONTENDS

ILLINOIS NUCLEAR “HOSTAGE” CRISIS — EXELON TO CLOSE BYRON NUKE, AX 2,300 JOB WITHOUT STATE “HELP”

EXELON NUCLEAR – HOLDING ILLINOIS HOSTAGE YET AGAIN?

byron closeThe business press has announced that Exelon Corporation now considers the two Byron nuclear reactors south of Rockford as candidates for closure, joining a list that included the two old Quad Cities reactors, and the single Clinton reactor in central Illinois.

CEO Chris Crane and other Exelon executives state that these reactors are losing money, or simply not profitable enough to operate in a current energy Continue reading ILLINOIS NUCLEAR “HOSTAGE” CRISIS — EXELON TO CLOSE BYRON NUKE, AX 2,300 JOB WITHOUT STATE “HELP”