Tag Archives: Quad Cities

EXELON CLOSING TMI- NUCLEAR AGE ENDING

Exelon Announces TMI Closure – As the Nuclear Age Draws to an End

It’s not nearly as much ironic as it is emphatic that on the same day Exelon Corporation announced that it might close the economically unviable Three Mile Island 1 reactor in Pennsylvania, SCANA is reported to have suggested that it might only complete one of two “next-generation” reactors it had proposed for South Carolina.  Add to that the recent Westinghouse (and by extension, Toshiba) bankruptcy and the message is clear: nuclear of the past can’t compete in the present, and apparently has no future either.  In short – the Nuclear Age is over. Continue reading EXELON CLOSING TMI- NUCLEAR AGE ENDING

PRESS RELEASE-EXELON BILL IS CORPORATE WELFARE BAILOUT, NEIS CONTENDS

 

Exelon bill designed to bailout failing nuclear plants, transfer wealth, kill renewables, NEIS testifies

SPRINGFIELD, May 16, 2016— Nuclear Energy Information Service of Chicago testified today before the Illinois State Senate Energy and Public Utilities Committee that the new Exelon legislation amounted to a “corporate welfare bailout” designed to kill renewable energy and “transfer wealth from Illinois ratepayers to Exelon shareholders.”

Photo courtesy of US NRC
Clinton nucear plant. Photo courtesy of US NRC

Speaking at a Subject Matter hearing, NEIS Director David Kraft urged legislators to reject the flawed Exelon legislation – Amendment 3 to SB.1585, the so-called “Next Generation Energy Plan” – and fix the Renewable Energy Portfolio Standard (RPS) as soon as possible, and before considering any Exelon reactor bailout schemes. Continue reading PRESS RELEASE-EXELON BILL IS CORPORATE WELFARE BAILOUT, NEIS CONTENDS

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

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”