Exelon

Exelon Generation has agreed to acquire the James A. FitzPatrick Nuclear Power Plant from Entergy Corp. in a deal worth $110 million. Entergy had slated the 838-MW single-unit facility located in Scriba, N.Y., for closure by January 2017 for economic reasons, but the change in ownership will allow the plant to remain in operation. Exelon […]

The New York State Public Service Commission (PSC) approved New York’s Clean Energy Standard on August 1, likely saving three upstate nuclear power plants, while requiring 50% of the state’s electricity to come from renewable energy sources by 2030. Gov. Andrew Cuomo (D) praised the action in a statement following the announcement. “New York has […]

The U.S. nuclear power business is in trouble, and Exelon has six units totaling more than 5,300 MW of dependable capacity on the chopping block. How will the Chicago electricity giant respond? Perhaps by acquiring more merchant nuclear capacity?

Entergy Corp. announced on July 13 that it is in discussions with Exelon Corp. concerning the potential sale of the James A. FitzPatrick Nuclear Power Plant in Scriba, N.Y. The news comes following the release of the New York Department of Public Service’s proposal to subsidize zero-emissions attributes of upstate nuclear power plants, including FitzPatrick […]

Sustainability report outlines Exelon’s investments in clean energy and innovative technology to better serve customers, communities and shareholders CHICAGO–(BUSINESS WIRE)–Exelon today announced it has released its latest sustainability report as part of the company’s commitment to transparency on sustainability strategy and performance. The report describes Exelon’s approach to providing reliable, clean and affordable energy products […]

The second World Nuclear Exhibition (WNE) began on June 28 in Le Bourget, just outside Paris, with the usual mixed messages about the need for and challenges of nuclear power globally. During the opening ceremony, Fatih Birol, executive director of the International Energy Agency (IEA), noted that the event was being held in the same […]

Fresh on the heels of its decision to finally move ahead with the long-anticipated retirements of the Quad Cities and Clinton nuclear plants in Illinois, Exelon officials told an Iowa newspaper that its Byron and Three Mile Island (TMI) plants face the same challenges and could be forced into retirement without changes to markets and […]

Given the lack of progress on Illinois energy legislation, Exelon Corp. announced on June 2 that it would begin taking steps to permanently shut down its Quad Cities and Clinton nuclear power plants. In a statement, the company said Clinton would close on June 1, 2017, and that Quad Cities would follow exactly one year […]

Exelon’s Quad Cities and Three Mile Island nuclear plants have failed to clear the PJM capacity auction for the 2019–2020 planning year, and the future looks grim for at least one of those plants. The Chicago-headquartered company on May 25 confirmed that the two plants would not receive capacity revenue for the period. It also […]

Five nuclear projects—two old, one new, two planned—faced milestones this week as their owners confronted the realities of the U.S. nuclear market. Exelon Seeks Nuclear Support In Illinois, Exelon again warned that the long-challenged Clinton and Quad Cities plants would shut down unless the Illinois legislature passed a bill that would provide economic support for the […]