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Monday
Aug312015

"Exelon mulls closure of unprofitable Quad Cities nuke plant"

As reported by the Chicago Tribune, Exelon must decide by the end of September whether or not Quad Cities' two reactors will continue operating past May 2017 -- the current cut off for their electricity generation capacity commitments. The dirty, dangerous, expensive, age-degraded and uncompetitive reactors have been hemorrhaging money.

Increasing the likelihood of a permanent shutdown, Exelon's Quad Cities has failed to clear PJM capacity auctions; Exelon lobbyists have failed, thus far, to convince IL state legislators to fork over $1.5 billion of ratepayer money to prop up its troubled reactors; and the DC PSC rejected Exelon's takeover of Pepco, by which it had hoped to funnel Mid-Atlantic ratepayer money to IL to bail out its troubled reactors.

The article did not mention that Quad Cities Unit 1 and 2 are General Electric Mark I Boiling Water Reactors, identical in design to Fukushima Daiichi Units 1 to 4.