Exelon on governor’s plan to save Byron, Dresden: “not adequate”

May 10, 2021, 7:03AMANS Nuclear Cafe
The Byron nuclear power plant

Illinois governor J. B. Pritzker’s proposal to subsidize the state’s Byron and Dresden nuclear plants, introduced in legislative form last week, falls short, Exelon Corporation President and Chief Executive Officer Chris Crane said on May 5 during the company’s first-quarter earnings call.

“From what we’ve heard, it’s open to negotiation, but just going from the street analyst opinion and what we’ve seen, its starting point is not adequate to keep the plants’ continued operations going,” Crane stated.

Illinois governor backs limited aid to two nuclear plants

May 4, 2021, 9:30AMNuclear News

Pritzker

The office of Illinois governor J. B. Pritzker last week unveiled an ambitious energy plan for the state that includes limited subsidies for the financially ailing Byron and Dresden nuclear plants. (In August 2020, Exelon Generation announced that the two Illinois facilities would close this year—Byron in September and Dresden in November—without some form of compensation from the state, due to “market rules that favor polluting power plants over carbon-free nuclear energy.”)

The new plan, dubbed the Consumers and Climate First Act, calls for achieving 100 percent clean energy generation in Illinois by 2050 and recognizes nuclear as a means toward that end. “In the near term, the closure of nuclear plants in Illinois is likely to result in a generation gap that will be filled by dirty energy, namely fossil fuels,” the act states, adding that any support for nuclear should be “short-term and based on clearly demonstrated need.”

Consultant recommends subsidies for Exelon plants

April 16, 2021, 2:59PMUpdated April 19, 2021, 10:56AMNuclear News
The Byron nuclear plant is currently slated for permanent closure in September. Photo: Exelon

A research and consulting firm hired by Illinois governor J. B. Pritzker’s administration to scrutinize the financial fitness of Exelon’s Byron and Dresden nuclear plants approves of limited state subsidies for the facilities, according to a redacted version of the firm’s report made available yesterday.