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18 May 2021
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Illinois will need to expand its nuclear capacity - not just maintain existing plants - in order to meet climate goals, a new study by researchers at the University of Illinois at Urbana-Champaign has concluded. Keeping the state s existing nuclear plants open at the same time as investing in advanced nuclear technology and renewable energy is the most economical path to zero-carbon that generates the lowest life-cycle carbon emissions, the study has found.
Exelon s Byron plant (Image: Exelon)
The report,
Economic and Carbon Impacts of Potential Illinois Nuclear Plant Closures: The Cost of Closures, was prepared by researchers and students at the university s department of nuclear, plasma and radiological engineering (NPRE) and led by Kathryn Huff - who has recently been appointed principal deputy assistant secretary for nuclear energy at the US Department of Energy - and Madicken Munk. The researchers modelled the state s electricity grid and conducted simula
Exelon is not giving up on its Illinois plants, but will go ahead with the closure of Byron and Dresden later this year if the state does not - before the end of its current session - pass policy reforms to support their continued operation, CEO Chris Crane said this week.
The ground has shifted below Exelon’s feet. They are no longer in charge as the growing consensus between most lawmakers and the governor make clear. They’ll get something but it won’t be nearly enough. If they have a problem with that, they can take it up with the ICC.
This represents a quarter of dividend payments. This is how much they pay out in dividends quarterly.
And I want to win the lottery. I sure hope Southern Skeptic is right.
Sounds like Exelon is a very poorly run company if they’re still declaring a profit and paying shareholder dividends while claiming that they’re losing money on the nuclear fleet.
The state legislators negotiating the new massive energy reform bill were said to have made real progress at their Tuesday working group meeting last week. Shortly before that meeting began, a legislator who is a longtime union ally and is involved in the talks told me the consensus was that a pound of flesh would have to be extracted from Exelon, which wants more subsidies for two nuclear power plants and has been under a dark ethics cloud as the US Attorney s office probes its and its subsidiary ComEd s Statehouse activities. Well, lawmakers may want to increase the weight of that flesh to be extracted after a routine federal court hearing was rocked by a bombshell that could complicate the negotiations.