Tag Archives: FERC

EXELON LEGISLATION, FERC COMMENTS A “DECLARATION OF WAR” ON RENEWABLES AND EFFICIENCY, GROUP ASSERTS

CHICAGO—The release of its long-awaited bailout legislation, coupled with presentations made before the Federal Energy Regulatory Commission (FERC) last week add up to a declaration of war against renewables and energy efficiency by Exelon Corporation, a Chicago nuclear watchdog organization asserts.

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The Byron nuclear reactor station, threatened with closure according to Exelon.

“If it looks like a bailout, walks like a bailout, and quacks like a bailout – it’s a BAILOUT,” asserts David Kraft, Director of Nuclear Energy Information Service (NEIS) of Chicago.

“While maintaining a seemingly benign verbal patina in their legislation (SB 1585; HB 3293), the practical and functional implementation of both Exelon’s proposed legislation and its intentions presented to FERC last week would relegate renewable energy and energy efficiency to being bit players in Illinois’ energy mix,” states Kraft. Continue reading EXELON LEGISLATION, FERC COMMENTS A “DECLARATION OF WAR” ON RENEWABLES AND EFFICIENCY, GROUP ASSERTS

Illinois Would Survive Closure of 5 Exelon Reactors, Report Indicates

CHICAGO—Despite some notable flaws, a report assembled by 4 state agencies to study the effects of closing five uneconomic Exelon nuclear reactors in Illinois came to a reassuring conclusion:  Illinois will survive, and WITHOUT having to bail out Exelon’s reactors with $580 million.

The Report, “POTENTIAL NUCLEAR POWER PLANT CLOSINGS IN

Exelon's unprofitable Byron nuclear reactors, threatened with closure if the Illinois Legislature does not "appreciate" them more with a bailout.
Exelon’s unprofitable Byron nuclear reactors, threatened with closure if the Illinois Legislature does not “appreciate” them more with a bailout.

ILLINOIS: Impacts and Market-Based Solutions,” was mandated by HR1146 in May of 2014 to study the effects on the Illinois economy and electric power reliability should Exelon decide to close 5 unprofitable nuclear reactors it operates in Illinois. Continue reading Illinois Would Survive Closure of 5 Exelon Reactors, Report Indicates