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CANB Statement: Exelon makes boardroom decision to not invest in TMI

CANB, Citizens Against Nuclear Bailouts (Pennsylvania), has issued the following statement:

Exelon makes boardroom decision to not invest in TMI

HARRISBURG, Pa. (May 8) – Citizens Against Nuclear Bailouts — a diverse coalition of Pennsylvania citizens’ groups, power generators, and energy, business and manufacturing associations — has issued the following statement in response to Exelon Generation’s announcement to end nuclear generation operations at its Three Mile Island nuclear facility.

Exelon Generation has made a business decision to begin the process of ending nuclear generation operations at Three Mile Island rather than invest the corporation’s billions of dollars in profits to support the plant, community and its employees.

This decision was made in their boardroom, where it belongs. Exelon should never have held their employees and the community hostage as it demanded a bailout from Pennsylvania ratepayers and lawmakers.

Moving forward, decommissioning will take place over the course of decades as Exelon works to secure the 650 metric tons of spent nuclear waste fuel on-site. This will require many employees, and we hope that Exelon holds true to their May 2018 statement that the majority of the remaining 400 employees at the site will continue to work at the plant during the decommissioning process.

We fully expect Exelon, FirstEnergy Solutions and Talen Energy will continue to push for an unwarranted nearly half-billion-dollar ratepayer-funded corporate handout from lawmakers in the Capitol.

Pennsylvania lawmakers should continue to reject this attempt at a corporate cash grab being led by three out-of-state corporations projected to make more than $1 billion in profits in Pennsylvania in 2018 and 2019.

— Citizens Against Nuclear Bailouts