Exelon to decide fate of Quad Cities nuclear power plant in September: CEO

Louisville, Kentucky (Platts)--29May2015/526 pm EDT/2126 GMT

Exelon CEO Christopher Crane said the nation's largest nuclear generator will decide in September whether to close its money-losing, 1,824-MW Quad Cities merchant nuclear plant in Illinois.

Time is running out for Exelon to craft an economic solution for three Illinois nuclear plants -- Byron and Clinton are the others, totaling about 5,000 MW of generation -- Crane said in comments webcast Thursday from the Sanford Bernstein Strategic Decisions Conference in New York.

The Chicago-based company had hoped the Illinois General Assembly would pass Exelon-backed legislation creating a low-carbon portfolio standard to provide the nuclear plants with an estimated $300 million/year in economic support before its 2015 regular session adjourns late next week.

That appears unlikely, although lawmakers still could consider the legislation during a two-week fall veto session in November.

Read more by clicking on the following:  http://www.platts.com/latest-news/electric-power/louisville-kentucky/exelon-to-decide-fate-of-quad-cities-nuclear-21526498