Last time I spoke like this I had two FBI agents wanting to speak to me "before the end of daylight today".
Exelon: Still Time for Pennsylvania to Help Three Mile Island
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By Rebecca Kern
Pennsylvania’s legislature still has time to help keep Exelon Corp.'s financially struggling Three Mile Island nuclear plant operating, Exelon’s Joseph Dominguez told Bloomberg BNA.
“We’re continuing the discussion with policymakers that we really began six or seven months ago: talking about the value proposition of nuclear, both from an environmental standpoint, as well as from fuel diversity and grid resilience standpoint,” Dominguez, Exelon’s vice president of governmental and regulatory affairs and public policy, told Bloomberg BNA May 31.
Exelon announced May 30 that it plans to prematurely close Three Mile Island by Sept. 30, 2019, due to financial losses at the plant from low wholesale power prices tied to the natural gas shale boom. In a statement announcing those plans, the company identified some potential policies that could keep the plant viable, including amendments to the state’s Alternative Energy Portfolio Standard and the creation of a zero-emissions credit program.
“We’ll see if there’s interest among policymakers to do the things that Illinois and New York were able to do,” Dominguez said. “We still have some time to have this discussion, but there is a sense of urgency in terms of starting to introduce policymakers to the subject.”
Last year, the Illinois Legislature approved a $235 million-a-year lifeline for Exelon’s Quad Cities and Clinton reactors after the company announced they would close. Also, New York’s Public Service Commission’s Clean Energy Standard—passed last summer—will issue credits for zero-emitting resources, such as nuclear plants, starting this June. Both those policy changes have triggered lawsuits and complaints to the Federal Energy Regulatory Commission, which has been without a quorum since February.
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