ILLINOIS ENERGY TRANSFORMATION #28: Getting Our Money’s Worth with Nuclear Power? Caveat Emptor!
Feb. 12, 2022
The recent $694 million bailout of 6 Constellation (nee Exelon) nuclear reactors in Illinois was not good news for ratepayers, Illinois or a renewable energy future. It was made recently worse by the announcement by Constellation Energy (the Exelon nuclear spin off LLC corporation) that it would seek permission from the U.S. Nuclear Regulatory Commission (NRC) to operate its 11 Illinois reactors for up to 80 years – 40 more than the originally granted operating license, and 20 years beyond the 20-year operating license extensions already granted all Illinois reactors except the single Clinton reactor. Read more