‘We have to have an answer’ on Ill. nuclear plants by summer’s end, Exelon says
An Exelon Corp. executive told Illinois legislators yesterday that the fate of three unprofitable nuclear plants in the state will be decided later this summer and that action on a bill to help them survive must be passed before the General Assembly adjourns a month from now.
The comments followed criticism of the bill to create a low-carbon portfolio standard by the Illinois attorney general’s office, which categorized the bill as an unnecessary bailout that would benefit a single company at the expense of consumers across the state.
At the very least, Cara Hendrickson of the AG’s office said, the Legislature should wait until after this summer’s PJM Interconnection capacity auction to see whether two of the at-risk nuclear plants located in PJM’s footprint clear and how much in additional revenue they bring in.
