Morning Briefing - October 03, 2017
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October 03, 2017

Exelon to Withdraw $4M from Clinton, Quad Cities Decommissioning Funds

By ExchangeMonitor

Exelon Generation Co. plans to withdraw more than $4 million from the decommissioning trusts for its Quad Cities and Clinton nuclear plants in Illinois, primarily to cover expenses accrued last year when it anticipated closing the facilities.

The majority of the costs were incurred for decommissioning planning between the time of the announced closure of the power plants in June 2016 and Exelon’s declaration last December that they would remain open after the state government approved an energy subsidy package, according to a Sept. 19 letter to the Nuclear Regulatory Commission from Danu Thomas, vice president of Northern Trust Co.

The letter did not provide details of the decommissioning activities conducted last year, and Exelon did not respond by deadline Monday to a request for comment.

“The decommissioning planning performed to support the shutdown has been preserved and will be used in planning for decommissioning of Clinton and Quad Cities, Units 1 and 2 in the future,” Thomas wrote to William Dean, director of the NRC’s Office of Nuclear Reactor Regulation.

Exelon intends to disburse $856,790.50 from the trust for Quad Cities Unit 1, covering $855,500.50 in 2016 costs and $1,290 in prior-year expenses; $857,041.75 from the trust for Quad Cities Unit 1, for $855,751,75 in 2016 costs and $1,290 in prior-year expenses; and $2.6 million from the Clinton trust, $2.2 million for 2016 costs and $326,519.81 in prior-year expenses.

The NRC had 30 working days from the date of the letter to raise objections to the disbursements.

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