Quad Cities

Exelon Generation Co. on Thursday said it would retire two nuclear power plants in Illinois over the next 15 months, years or even decades ahead of the expiration of their federal licenses. The Byron Generating Station in Ogle County will shut down in September 2021, followed by the Dresden Generating Station in Grundy County in […]

By John Stang Power company Exelon repeated Tuesday that it still needs additional legislative help from states to keep its nuclear plants open. The message from President and CEO Chris Crane, speaking to financial analysts during a teleconference on the company’s 2019 earnings, echoed concerns he has raised repeatedly – most recently during the company’s […]

Zero-emissions credits for Exelon’s nuclear power operations in Illinois and New York state boosted the company’s earnings in the first quarter of 2018, but net income nonetheless dropped on a year-over-year basis. In its latest earnings report, the company said Wednesday generally accepted accounting principles (GAAP) net income dropped from $990 million ($1.06 per share) […]

The U.S. Nuclear Regulatory Commission is preparing a new strategic plan to guide its operations from fiscal years 2018 to 2022. The is the seventh volume of the regulator’s strategic plan, which must be updated every four years, and is not a major departure from the document covering fiscal 2014 to 2018, according to an […]

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 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 […]

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 […]

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 […]

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 […]