Friday, May 06, 2016

Exelon: Three Dynasours Nuke Plants Being Perminantly Shutdown

I expect soon Entergy will announce something like this for Indian Point.
Nuclear Milestones Confront Exelon, FPL, and TVA
05/06/2016 | Thomas Overton
Exelon Seeks Nuclear Support
In Illinois, Exelon again warned that the long-challenged Clinton and Quad Cities plants would shut down unless the Illinois legislature passed a bill that would provide economic support for the two plants.
“Unfortunately, we are also announcing plans to retire the economically challenged Clinton and Quad Cities nuclear plants in Illinois on June 1, 2017 and June 1, 2018, respectively, without passage of adequate legislation in the current spring legislative session and Quad Cities clearing in the 2019-20 RPM capacity auction,” Exelon’s President and CEO Chris Crane said in the company’s first quarter earnings call
Seems like this is a collusive blackmail by Dynegy and Exelon to Illinois, with many megawatts going off the line. These guys are all obsolete dogs.
Dynegy, Illinois' second largest power generator with 13 plants mostly located downstate employing a total of 1,400, today announced plans to retire 30 percent of the power-generation capacity in Southern Illinois.
  • Specifically, the Houston-based company said it would shut down two coal-fired units at its Baldwin Power Station in downstate Baldwin and one coal-fired unit at Newton Power Station. The units combined generate up to 1,835 megawatts—roughly equivalent to one of Exelon's mammoth dual-unit nuclear plants.
  • About 190 plant jobs will be eliminated as a result, a Dynegy CORDOVA, Illinois — Two Exelon nuclear power plants in the area of in danger of closing their doors for good if a number of energy bills at the state Capitol aren't passed this year - taking jobs and revenue along with them.
1,500 area Exelon nuclear power plant employees could be out of jobs soon
The company announced Friday, May 6 in their latest earnings report that the Clinton and Quad Cities plants will shut down over the next two years if the Next Generation Energy Plan doesn't get passed this session. The plan would open $1 billion in funding for energy efficient and solar power program, but the same plan failed last year. The Illinois legislative session is scheduled to end May 31.
Company officials say the locations have lost more than $800 million in the past six years and the premature closures of the facilities would have a significantly negative impact on the surrounding economies. Approximately 4,200 direct and secondary jobs and $1.2 billion in economic activity would be lost, according to the an analysis by the State of Illinois.
About 1,500 people combined are employed at the plants.spokesman said.







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