Items Tagged with 'Quad Cities nuclear plant'

The early impacts of PJM's first capacity auction in three years began to emerge Thursday as Exelon reiterated plans to retire two of its nuclear plants.

By Rich Heidorn Jr A federal judge on Friday dismissed challenges to Illinois’ zero-emission credit program, saying the customers and independent power producers who filed suit lacked standing and failed to exhaust their remedies at FERC. Shah | Office of Senator Mark Kirk U.S. District Court for the Northern District...

By Rory D. Sweeney and Rich Heidorn Jr. Illinois legislators on Thursday approved a bill to keep Exelon’s Clinton and Quad Cities nuclear plants operating for another decade. The “Future Energy Jobs Bill” was approved by the state Senate by a 32-18 vote, an hour after clearing the House 63-38...

By Rory D. Sweeney, Ted Caddell and Amanda Durish Cook Illinois officials moved closer to a deal to save Exelon’s Clinton and Quad Cities nuclear plants as legislation cleared a House committee and the company reportedly reached agreement with Gov. Bruce Rauner on changes to reduce the bill’s cost. The...

VALLEY FORGE, Pa. — A reliability analysis identified no adverse impacts on the PJM system from closing the 1,819-MW Quad Cities nuclear plant, which Exelon plans to deactivate on June 1, 2018. Exelon announced the closure in June after failing to convince Illinois legislators to act on a bill that...

By Suzanne Herel Exelon will close its Clinton and Quad Cities nuclear plants after the Illinois General Assembly adjourned this week without acting on a bill that would have subsidized the money-losing stations, the company said Thursday. Clinton will shut down next June 1, and Quad Cities will close the following...

By Suzanne Herel and Amanda Durish Cook The Illinois General Assembly adjourned Tuesday without acting on a bill that Exelon says it needs to save the Clinton and Quad Cities nuclear plants. “At this time, the future of the Next Generation Energy Plan remains unclear,” Exelon said. “We’ll have more to...

By Suzanne Herel Exelon said it will close the Clinton Power Station next summer and the Quad Cities facility the following year if Illinois legislators fail to pass a bill to shore up the money-losing nuclear plants and Quad Cities does not clear PJM’s 2019/20 capacity auction this month. “Without...

By Suzanne Herel and Rich Heidorn Jr. VALLEY FORGE, Pa. — Capacity Performance resources cleared at $151.50/MW-day in the transition auction for the 2017/18 delivery year, PJM said Wednesday, calling the results “demonstrably competitive” at nearly $60/MW-day below the RTO’s price cap. The results meant at least a temporary reprieve...

By Rich Heidorn Jr. and Ted Caddell Exelon shareholders shed no tears last week over the news that five of the company’s nuclear units failed to clear PJM’s base residual auction. In fact, analysts say the company will earn almost $150 million more in capacity revenue from planning year 2017/18...