Lawmakers & Exelon Have Reached Tentative Agreement To Keep Nuclear Fleet Open in Illinois

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Governor JB Pritzker’s Office and Exelon have come to a tentative agreement to keep the nuclear fleet open in Illinois. State Representative David Welter said a comprehensive energy bill is still being negotiated as there are many parts to this bill, but they are hopeful to see a vote in the coming days.

In August of 2020, Exelon Generation announced that it would retire its Byron Generating Station and Dresden Generating Station in the fall of 2021. Exelon officials say Dresden and Byron face revenue shortfalls in the hundreds of millions of dollars because of declining energy prices and market rules that allow fossil fuel plants to underbid clean resources in the PJM capacity auction.

Byron is slated to close in September 2021, and Dresden in November 2021. Dresden is licensed to operate for another decade and Byron for another 20 years. Together, they employ more than 1,500 full-time employees and 2,000 supplemental workers during refueling outages.

The plants pay nearly $63 million in taxes annually to support local schools, fire, police and other services.  The two plants supply 30 percent of Illinois’ carbon-free energy and are essential to meeting the state’s goal to achieve 100 percent clean energy.

We will have more details and reaction on this story throughout today and this week. 

Region: Northern,City: Morris,Local,Region: Morris

via http://www.wcsjnews.com – RSS Results in news/local of type article https://ift.tt/2L2g28r

June 1, 2021 at 10:59AM

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