Published on Feb 7, 2014
Chicago-based Exelon Corp. said
Thursday on a conference call following its quarterly earnings results
that it will shut down nuclear plants to save money if it doesn't see a
path to steady profits this year.
http://www.chicagotribune.com/busines...
The company's large fleet of nuclear plants have struggled to remain profitable as they attempt to compete with subsidized renewable generation and stubbornly low natural gas prices, which have driven down the price Exelon receives for power.
Exelon owns 10 nuclear power plants, six of which are in Illinois. Analysts have signaled that if power prices don't recover its Clinton and Quad Cities generating stations are among the potential closures.
http://youtu.be/s7J7EekUAow
http://youtu.be/XnOwM9ZWVF4
http://www.chicagotribune.com/busines...
The company's large fleet of nuclear plants have struggled to remain profitable as they attempt to compete with subsidized renewable generation and stubbornly low natural gas prices, which have driven down the price Exelon receives for power.
Exelon owns 10 nuclear power plants, six of which are in Illinois. Analysts have signaled that if power prices don't recover its Clinton and Quad Cities generating stations are among the potential closures.
http://youtu.be/s7J7EekUAow
http://youtu.be/XnOwM9ZWVF4
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