Exelon To Close Two Nuclear Power Plants in Illinois
Exelon is taking initial steps to close down two of its nuclear plants.
Chicago-based Exelon makes a profit, but the plants in Clinton and the Quad Cities don't. They've been losing money.
The corporation has been pushing for a law that would have energy customers statewide pay a subsidy to keep the plants open. The request spurred talks for a massive overhaul of energy policy.
But after literally years of negotiations, no law passed by Exelon's self-imposed deadline of May 31. That's also when the regular legislative session ended.
"We're 95 percent there, so I'm asking them to just hold off for a little bit longer, see if we can get there, said Sen. Neil Anderson, R-Quad Cities.
He noted that without a budget, lawmakers will be in Springfield this summer. So there's still time, but Exelon isn't holding off.
In a press release, CEO Chris Crane said without legislation, he's forced to retire the one in Clinton next summer and the Quad Cities in 2018.