ANS Public Policy Engagement

Justice

West Virginia Gov. Jim Justice signed a bill yesterday that repeals the state’s quarter-century-old ban on nuclear power plant construction. The legislation, S.B. 4, passed the West Virginia Senate and House of Delegates last month with no substantial opposition and will go into effect in May.

S.B. 4 rescinds article 27A of the West Virginia Code, which prohibited “the construction of any nuclear power plant, nuclear factory, or nuclear electric power generating plant until such time as the proponents of any such facility can adequately demonstrate that a functional and effective national facility, which safely, successfully, and permanently disposes of radioactive wastes, has been developed.” 27A also required nuclear facility construction to be economically feasible for West Virginia ratepayers and in compliance with all applicable environmental protection laws, rules, and requirements.

Constellation, formerly Exelon Generation, owner and operator of the nation’s largest nuclear reactor fleet, announced this morning the completion of its separation from Exelon Corporation and its launch as a stand-alone, publicly traded company. Headquartered in Baltimore, Md., the new company began trading today on the Nasdaq Global Select Market under the symbol “CEG.”

Exelon announced last February that it had begun the effort to separate its utility businesses from its competitive power generation and customer-facing energy businesses.

The West Virginia Senate voted 24–7 yesterday in favor of S.B. 4, which repeals sections of the state code banning the construction of nuclear power plants in West Virginia, according to an article in the Parkersburg News and Sentinel. The bill now heads to the House, which is considering a similar measure.