Exelon
CEO: 'We are not asking the state for a bailout'
Exelon Corp. is not seeking a bailout from Illinois to prop
up its ailing nuclear power plants, Christopher Crane, chief executive of the
energy company, said Wednesday in an exclusive interview with the Tribune.
So that is the real reason you become a Godzilla mega utility...you can play one state or region off another. You go war against the citizens and the state.You can send your juice off to another creating a shortage and price spikes in the first.
“We are not – are not – asking the state for a bailout,”
Crane said. “We are looking at different ways to contract/ sell energy from
those plants into other markets, into other buyers, but there is not a state
bailout.”
Chicago-based Exelon’s nuclear power plants have been hurt
by competition from power generated by wind turbines and natural gas. Exelon on
Wednesday also reported first quarter earnings of $90 million, or 10 cents a
share, in contrast with a loss of $4 million loss, or a penny a share, in the
year-ago period. Revenue rose to $7.2 billion, up from $6.1 billion...
No comments:
Post a Comment