Chicago-based Exelon is pondering getting rid of its large fleet of uneconomic non-utility nuclear plants, Bloomberg reported. The company’s Exelon Nuclear, a division of its non-utility generating company, runs 21 nuclear plants in the Midwest and the Middle Atlantic region, making it the largest nuclear generator in the U.S. The nuclear plants bid into the… More Will Exelon dump its huge nuclear fleet?
Are the civilian nuclear industries in the U.S. and Europe subsidizing Russia’s nuclear weapons program? In an opinion piece in The Hill this week (Nov. 13), a Washington nuclear nonproliferation expert argues that case. Henry Sokolski, executive director of the Nonproliferation Policy Education Center, writes, “As Washington and the commentariat wring their hands about Russian… More Archive: Nov. 16: Do U.S., EU Subsidize Russian Nuclear Weapons?
New Jersey-based Public Service Enterprise Group, fulfilling a two-year old goal, is making a major bet on its nuclear power assets as fears of global warming rise. The multi-state utility company is selling all its coal and natural gas generating assets to a subsidiary of Boston-based ArcLight Capital Partners. PSEG’s deal with ArcLight’s Parkway Generation… More PSEG goes all in on nuclear
Two interesting nuclear developments from Pennsylvania, the cradle of civilian nuclear power in the US, both positive and negative. First, the positive. As reported in Philadelphia’s The Inquirer, Talen Energy, which owns the two-unit Susquehanna nuclear plant in north-eastern Pa. near Berwick, has signed a deal with an Easton Maryland cryptocurrency “mining” firm to locate… More Good and bad nuclear news in the Keystone state
Facing the potential shutdown of two of Exelon Corp. nuclear plants, the Democratic Gov. of Illinois, J.B. Pritzker, and the Chicago-based utility holding company, which owns six nuclear plants in the state, on June 1 reached a deal with to keep the two unprofitable plants open. The deal came after Pritzker extended the session of… More Illinois last minute deal to save two Exelon nukes?
Chicago-based Exelon Corp., the largest vertically integrated investor-owned utility in the U.S., on Tuesday (Feb. 24) announced a divorce. The company said it will spin off its generating assets, primarily the largest nuclear fleet in the country, into a stand-alone, publicly traded enterprise, with the token name of “SpinCo,” while retaining its multi-state regulated transmission… More Divorce: Exelon to split generation from transmission and distribution
With the Illinois bailout of two Exelon nuclear power plants this week as background, U.S. hard-core anti-nuclear groups are raising doubts about the details of the Biden administration’s massive infrastructure legislation. In a recent press release, the groups – Nuclear Information and Resource Service (NIRS), Beyond Nuclear, Indigenous Environmental Network (INEN), and Nuclear Energy Information… More In Illinois aftermath, anti-nukes target Biden’s massive infrastructure plan
Jupiter, Fla.-based Holtec International (with most of it located in New Jersey) is setting out to be the Swiss Army knife of nuclear energy, the be-all and end-all of the business of radioactivity. Will the company’s private structure and secretiveness hamper its ambitions? On May 1, Holtec announced its latest atomic venture, a wholly-owned subsidiary,… More Holtec’s ambitions: an engine that knows no rest
A day after a federal jury May 1 found four former Commonwealth Edison officials, including the CEO, guilty of bribery, Chicago-based parent Exelon said the scandal could end up costing the holding company more than $400 million. The company, parent of Chicago-based ComEd, has already forked out $200 million as a result of the criminal… More “ComEd Four” Guilty of Nine Bribery Charges
A federal grand jury this week has indicted former Illinois House speaker Michael Madigan and a key ally, Michael McClain, on 22 counts of racketeering, bribery, and extortion, unveiling a long-term corrupt association between the once all-powerful state legislator and Chicago’s electric utility company Commonwealth Edison, the largest utility in the state and an Exelon… More Feds indict former Illinois speaker Madigan and aide