Exelon Nuclear Plants Getting Assistance in New York and Maybe in Illinois
Norris McDonald at Fitzpatrick |
The New York Public Service Commission (PSC) voted to pass the Clean Energy Standard (CES) supporting the Zero Emissions Credit (ZEC) program for New York’s nuclear fleet on Monday, August 1. Monday’s vote by New York utility regulators approving nearly half a billion dollars in annual subsidies over the next two years for Fitzpatrick, Nine Mile Point and Ginna nuclear power plants. Exelon Corp., owns two of the plants and is in talks with Entergy Corp. to buy Fitzpatrick.
Chicago-based Exelon’s announced plans to shut the Clinton and Quad Cities nuclear plants in Illinois in mid-2017 and -2018. The Illinois legislature is considering a measure similar to the New York CES and ZEC to keep the two plants open.
Just as in New York, where the nuclear subsidies are attached to the future of the state’s renewable energy industry, the same is true in Illinois. There, legislators are trying to reconcile a suite of competing proposals to come up with a comprehensive energy bill that aims to achieve environmental and economic goals.
Norris McDonald & colleagues at Clinton Plant |
Exelon has indicated that it faces a late-September decision to purchase fuel for the 1,068-megawatt Clinton plant. The company is seeking a mechanism similar to the one approved in New York, though the maximum amount of annual payments required to keep the Illinois plants running would initially be far less.
Source: http://cenvironment.blogspot.com/2016/08/exelon-nuclear-plants-getting.html
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