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Exelon says it will close 2 Illinois nuclear plants

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  • Exelon says it will close 2 Illinois nuclear plants

    CHICAGO (AP) — Exelon Corp. said Thursday that it will shut two Illinois nuclear power plants after the state Legislature declined to act on the company's request for financial support.
    The Clinton Power Station in Clinton will close June 1, 2017, and the Quad Cities Generating Station in Cordova will close June 1, 2018, the Chicago-based power provider said in a news release.
    Exelon said it made the decision because the future is unclear for legislation that it backs that would extend state subsidies to nuclear power plants for producing reliable, carbon-free electricity that will help Illinois meet federal mandates.

    Illinois lawmakers formally adjourned their spring session Tuesday.
    "Unfortunately, legislation was not passed, and now we are forced to retire the plants," Exelon President and CEO Chris Crane said in a statement. "We wish the outcome would have been different."
    Exelon said it would continue to work to pass the legislation, known as the Next Generation Energy Plan. The company said it would brief the Illinois governor's office, state officials and community leaders. Exelon said it will work with municipalities to prepare for the impact of the closures.
    The Clinton and Quad Cities locations are Exelon's best-performing plants, but they've lost $800 million over the last seven years, the company said. About 1,500 people work at the two plants.
    Exelon said it has started taking necessary steps to shut the plants. Those include sending permanent shutdown notifications to the Nuclear Regulatory Commission, stopping investment projects required to operate the plants long-term and canceling fuel purchases and outage planning.

    http://bigstory.ap.org/article/295f8...nuclear-plants

    I wonder how much it will cost to decommission said plants and who's going to foot the bill...
    Credo quia absurdum.


    Quantum mechanics describes nature as absurd from the point of view of common sense. And yet it fully agrees with experiment. So I hope you can accept nature as She is - absurd! - Richard Feynman

  • #2
    I hope Illinois enjoys paying more for electricity too...

    Comment


    • #3
      The Clinton and Quad Cities locations are Exelon's best-performing plants, but they've lost $800 million over the last seven years
      Huh??? When a utility can't make money, there's something seriously wrong.

      Comment


      • #4
        My bet is that a audit would show that the President and the Executives of Exilon are sucking all the funds out of the company. Kinda like Enron did.

        Once you've got a nuke plant up and running it produces cheap energy. Are they charging too little for electricity? The article says that they're the two best performing plants, why choose to shut them down???

        Something is hinky about this...
        Credo quia absurdum.


        Quantum mechanics describes nature as absurd from the point of view of common sense. And yet it fully agrees with experiment. So I hope you can accept nature as She is - absurd! - Richard Feynman

        Comment


        • #5
          Originally posted by Bwaha View Post
          My bet is that a audit would show that the President and the Executives of Exilon are sucking all the funds out of the company. Kinda like Enron did.

          Once you've got a nuke plant up and running it produces cheap energy. Are they charging too little for electricity? The article says that they're the two best performing plants, why choose to shut them down???

          Something is hinky about this...
          Agreed.

          Shenanigans!!!!!
          ALL LIVES SPLATTER!

          BLACK JEEPS MATTER!

          BLACK MOTORCYCLES MATTER!

          Comment


          • #6
            Shake Down?

            Pruitt
            Pruitt, you are truly an expert! Kelt06

            Have you been struck by the jawbone of an ASS lately?

            by Khepesh "This is the logic of Pruitt"

            Comment


            • #7
              Not a small time player in the energy field, QUOTE:

              Exelon Corporation is an American Fortune 150 (#111 in 2015) energy company headquartered in the Chase Tower in the Chicago Loop area of Chicago, Illinois, United States with revenues of approximately $34.5 billion and employing approximately 34,000 employees.[3] Exelon is the largest electric holding company in the United States by revenue, the largest regulated utility in the United States with approximately 10 million customers, and is also the largest operator of nuclear power plants in the United States.[4] It was created in October 2000 by the merger of PECO Energy Company and Unicom, of Philadelphia and Chicago respectively. Unicom owned Commonwealth Edison. Exelon operates regulated utilities in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and Washington, DC. In October 2009, Exelon had full or majority ownership of 17 nuclear reactors in 10 nuclear power plants.[5] Exelon has operations and business activities in 47 states, the District of Columbia and Canada and is the largest competitive U.S. power generator with approximately 35,000 megawatts of owned capacity.[3] Exelon merged with Constellation Energy Group on March 2012 and acquired Pepco Holdings on March 2016.[6] Exelon consists of eight main operating subsidiaries with Exelon Generation, a deregulated energy generator, Constellation, a deregulated competitive energy supplier, and six regulated utilities, Commonwealth Edison (Illinois), Philadelphia Electric Company (Pennsylvania), Baltimore Gas and Electric (Maryland), Delmarva Power & Light (Delaware and Maryland), Atlantic City Electric (New Jersey), and Potomac Electric Power Company (Washington, DC and Maryland).[7]
              ...
              https://en.wikipedia.org/wiki/Exelon

              BTW, this presents an interesting twist ...

              Political activity[edit]
              Exelon's Political Action Committee (PAC) is EXELONPAC.[31] The company is positioned to profit from "expensive carbon" and has been lobbying for cap and trade of carbon dioxide emissions.[32] "[Former] Exelon CEO John Rowe is a vociferous and longtime advocate of climate change legislation. In 2009, Forbes reported that if the Waxman-Markey climate legislation became law, 'the present value of Exelon's earnings stream would increase by $14 a share, or 28%.'"[18] Executives at the company have close ties to the Obama administration as advisors and fundraisers.[32] Exelon also disclosed multiple contributions to political nonprofit organizations, the largest of which was $290,000 given to the American Energy Alliance — a 501(c)(4) nonprofit with ties to the conservative billionaire brothers Charles and David Koch and led by former Koch Industries lobbyist Thomas Pyle.
              TANSTAAFL = There Ain't No Such Thing As A Free Lunch
              “War is merely the continuation of politics by other means” - von Clausewitz
              Present Current Events are the Future's History

              Comment


              • #8
                The nuke plants can't compete with cheap natural gas, without subsidies. Nothing can compete with natural gas without subsidies.

                If Illinois is serious about decarbonization, they just shot themselves in the foot. If Illionoisans are smart enough to realize that Gorebal Warming is total BS, they should stop subsidizing wind, solar and all other primary energy sources.
                Watts Up With That? | The world's most viewed site on global warming and climate change.

                Comment


                • #9
                  Originally posted by The Doctor View Post
                  The nuke plants can't compete with cheap natural gas, without subsidies. Nothing can compete with natural gas without subsidies.

                  If Illinois is serious about decarbonization, they just shot themselves in the foot. If Illionoisans are smart enough to realize that Gorebal Warming is total BS, they should stop subsidizing wind, solar and all other primary energy sources.
                  They have. IL has not passed a budget. It as limited funds for anything.


                  https://www.illinois.gov/dceo/whyill...s/01-RERP.aspx

                  Solar and wind ta x subsidies.

                  This program is currently closed. Updates regarding funding availability for Fiscal Year 2016 will be posted here. Program guidelines and application packets will be posted on this webpage when the program re-opens. To receive email announcements regarding program updates and availability of the program guidelines and application, please send an email to [email protected] and state that you would like to receive announcements regarding the Solar and Wind Energy Rebate Program.
                  “The time has come,” the Walrus said,
                  “To talk of many things:
                  Of shoes—and ships—and sealing-wax—
                  Of cabbages—and kings—
                  And why the sea is boiling hot—
                  And whether pigs have wings.”
                  ― Lewis Carroll

                  Comment


                  • #10
                    Originally posted by Combat Engineer View Post
                    They have. IL has not passed a budget. It as limited funds for anything.


                    https://www.illinois.gov/dceo/whyill...s/01-RERP.aspx

                    Solar and wind ta x subsidies.
                    The difference between nuclear and solar/wind is that nuclear power can actually replace coal and natural gas.

                    If a government believes in Gorebal Warming, the only logical course of action is nuclear power. A laizzes faire course of inaction would kill solar, nuclear and wind power in that order.

                    There is no logic in subsidizing any power source other than nuclear because it is the only non-fossil fuel capable of replacing fossil fuels.
                    Watts Up With That? | The world's most viewed site on global warming and climate change.

                    Comment


                    • #11
                      Originally posted by The Doctor View Post
                      The difference between nuclear and solar/wind is that nuclear power can actually replace coal and natural gas.

                      If a government believes in Gorebal Warming, the only logical course of action is nuclear power. A laizzes faire course of inaction would kill solar, nuclear and wind power in that order.

                      There is no logic in subsidizing any power source other than nuclear because it is the only non-fossil fuel capable of replacing fossil fuels.
                      They are not subsidizing any other source. They are the liberal version of Kansas, just three steps ahead. They're broke.
                      “The time has come,” the Walrus said,
                      “To talk of many things:
                      Of shoes—and ships—and sealing-wax—
                      Of cabbages—and kings—
                      And why the sea is boiling hot—
                      And whether pigs have wings.”
                      ― Lewis Carroll

                      Comment


                      • #12
                        Originally posted by Combat Engineer View Post
                        They are not subsidizing any other source. They are the liberal version of Kansas, just three steps ahead. They're broke.
                        But they have a carbon-free energy policy...
                        Watts Up With That? | The world's most viewed site on global warming and climate change.

                        Comment


                        • #13
                          Originally posted by The Doctor View Post
                          But they have a carbon-free energy policy...
                          It's everything free.... as in nothing
                          “The time has come,” the Walrus said,
                          “To talk of many things:
                          Of shoes—and ships—and sealing-wax—
                          Of cabbages—and kings—
                          And why the sea is boiling hot—
                          And whether pigs have wings.”
                          ― Lewis Carroll

                          Comment


                          • #14
                            https://en.wikipedia.org/wiki/Califo...tricity_crisis

                            Sounds familiar to me...
                            Credo quia absurdum.


                            Quantum mechanics describes nature as absurd from the point of view of common sense. And yet it fully agrees with experiment. So I hope you can accept nature as She is - absurd! - Richard Feynman

                            Comment


                            • #15
                              If Exelon does not want to run the plants, maybe someone else can run them? Let us see what they say then?

                              Pruitt
                              Pruitt, you are truly an expert! Kelt06

                              Have you been struck by the jawbone of an ASS lately?

                              by Khepesh "This is the logic of Pruitt"

                              Comment

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