The head of Exelon says the company will have to decide by the end of the year whether to close the Clinton Nuclear Power Plant and the Quad Cities generating station. CEO Chris Crane said in a conference call with analysts that the decision involves facilities that are losing money due to persistently low wholesale power prices. Crain's Chicago Business reports that the Clinton and Quad Cities stations fit that description. Crane says Exelon is not looking for a state bailout to keep the plants open, is not negotiating with the state on power purchase agreements, and has no plans to do so. Crane says Exelon is talking with other parties that are securing long term needs in the region that Clinton serves, though he acknowledges there are not many such deals out there. Crane has been critical of windd power tax breaks which tend to keep power prices low in areas such as Illinois that have wind farms. Closure of the Clinton plant would create a large economic impact to central Illinois because of the hundreds of workers it employs who live in surrounding communities including Bloomington Normal and because of property taxes paid to DeWitt County government entities.
Support Your Public Radio Station