Exelon

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 […]

Power provider Exelon’s clean energy branch, which includes its nuclear power plants, lost $250 million in the second quarter. That was a drastic drop from the $8 million non-adjusted loss Exelon Generation reported for the same three-month period of 2016, according to the company’s earnings update Wednesday. Still, executives had cause for optimism about their […]

Power provider Exelon’s clean energy branch, which includes its nuclear power plants, lost $250 million in the second quarter. That was a drastic drop from the $8 million loss Exelon Generation reported for the same three-month period of 2016, according to the company’s earnings update Wednesday. On the upside, courts in Illinois and New York […]

The Nuclear Regulatory Commission is conducting an environmental assessment as part of its review of the Energy Department’s application for a 20-year extension of its license for storage in Idaho of waste from the Three Mile Island nuclear power plant. “The purpose of the EA is to assess potential environmental impacts that may significantly affect the […]

Exelon last week formally notifed the Nuclear Regulatory Commission of its plans to permanently close the Three Mile Island nuclear power plant in Pennsylvania. The company’s Exelon Generation subsidiary on May 30 announced the planned closure of the plant’s reactor Unit 1. Official notice to the agency that regulates commercial nuclear power operations is a […]

The Nuclear Regulatory Commission on June 9 said it has begun the technical review of the Energy Department’s request for a 20-year license extension for storage in Idaho of debris from the Three Mile Island nuclear power plant. The Energy Department submitted the request by letter on March 6, after which the NRC carried out an acceptance review […]

The Nuclear Regulatory Commission on Friday said it has begun the technical review of the Energy Department’s request for a 20-year extension of storage in Idaho of debris from the Three Mile Island nuclear power plant. DOE submitted the request by letter on March 6, after which the NRC carried out an acceptance review of the […]

Exelon said May 30 that “absent needed policy reforms” it will retire its 837 MW Three Mile Island Generating Station (TMI) near Harrisburg, Penn., by September 30, 2019. Chris Crane, president and chief executive of Exelon, held out the caveat that the reactor could operate beyond that point if Pennsylvania follows the lead of New […]

Exelon said May 30 that “absent needed policy reforms” it will retire its Three Mile Island Generating Station (TMI) near Harrisburg, Penn., by September 30, 2019. Chris Crane, president and chief executive of Exelon, held out the caveat that the reactor could operate beyond that point if Pennsylvania follows the lead of New York and Illinois […]

Chicago-based power provider Exelon’s adjusted income and diluted earnings per share dipped in the first quarter, which the company capped off by completing its acquisition of the James A. FitzPatrick Nuclear Power Plant in New York state. Net income, on a non-generally accepted accounting principles (GAAP) basis, fell from $632 million in first-quarter 2016 to […]

Chicago-based power provider Exelon’s adjusted income and diluted earnings per share dipped in the first quarter, which the company capped off by completing its acquisition of the James A. FitzPatrick Nuclear Power Plant in New York state. Net income, on a non-generally accepted accounting principles (GAAP) basis, fell from $632 million in first-quarter 2016 to […]

A group of utilities on Tuesday sued the state of Illinois, arguing that a recently passed package of nuclear subsidies improperly intrudes on the Federal Energy Regulatory Commission’s authority over the wholesale electric market. Led by the Electric Power Supply Association (EPSA), the lawsuit was filed in U.S. District Court for the Northern District of Illinois, […]

Exelon hopes to close its $110 million purchase of the James A. FitzPatrick Nuclear Power Plant by late March or early April, a company executive said Thursday. Site owner Entergy had planned to permanently close the 41-year-old facility this year, but the two utilities struck a deal in August following the New York Public Service Commission’s (NYPSC) […]

The Nuclear Regulatory Commission has identified six findings of very low safety significance at the Clinton Power Station in Illinois and is treating the issues as non-cited violations. Operator Exelon had planned to close the nuclear facility in 2017, but passage of a state energy subsidy program in late 2016 allowed the utility to forgo […]

Public Citizen on Friday requested that the Federal Energy Regulatory Commission reconsider its approval of the $110 million sale of the James A. FitzPatrick Nuclear Power Plant in New York from Entergy to Exelon. The consumer advocacy organization in October asked that the commission reject the sale, claiming the deal would adversely affect New York’s power market. Entergy […]

U.S. Exelon has withdrawn filings with the Nuclear Regulatory Commission seeking to cease operation of the Clinton Power Station and the Quad Cities Nuclear Power Station, following Illinois’ passage of the Future Energy Jobs Bill. The withdrawals are more a technicality in what has already been confirmed. Exelon had been threatening the close the struggling […]

Public Citizen said Monday it will ask the Federal Energy Regulatory Commission for a rehearing on its decision last week to approve the $110 million sale of the James A. FitzPatrick Nuclear Power Plant in New York from Entergy to Exelon. Public Citizen in October asked FERC to reject the application for the sale, claiming […]

Illinois Gov. Bruce Rauner (R) on Wednesday signed into law the Future Energy Jobs Bill, an energy subsidy package intended to stave off closures at Exelon’s Quad Cities Generating Station and the Clinton Power Station. “The Future Energy Jobs bill protects taxpayers, ratepayers, and the good-paying jobs at the Clinton and Quad Cities’ plants,” Rauner […]

The Federal Energy Regulatory Commission on Wednesday approved the $110 million sale of the James A. FitzPatrick Nuclear Power Plant in New York from Entergy to Exelon, while also dismissing Public Citizen’s challenge to the deal. The consumer rights’ group in an October filing asked FERC to reject the application, claiming it will adversely affect […]

Illinois Gov. Bruce Rauner (R) on Wednesday signed into law the Future Energy Jobs Bill, an energy subsidy package intended to stave off closures at Exelon’s Quad Cities Generating Station and the Clinton Power Station. “The Future Energy Jobs bill protects taxpayers, ratepayers, and the good-paying jobs at the Clinton and Quad Cities’ plants,” Rauner […]

Illinois lawmakers on Thursday passed the Future Energy Jobs Bill, a controversial package of subsidies that power provider Exelon says will allow it to maintain operation of the Quad Cities Generating Station and the Clinton Power Station nuclear plants. The company had previously said it would close the facilities without nuclear subsidies. Both the Illinois House and […]

Maintaining operation of the Quad Cities Generating Station and the Clinton Power Station would save Illinois taxpayers $364 million annually in electricity costs, the Brattle Group economic consulting firm said in a report Monday. The report was delivered as the Illinois General Assembly considers the Future Energy Jobs Bill (S.B. 2814), a controversial piece of […]