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Tag: Exelon

Entergy Considering Sale of FitzPatrick Nuclear Plant to Exelon

July 13, 2016
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Entergy Corp. announced on July 13 that it is in discussions with Exelon Corp. concerning the potential sale of the James A. FitzPatrick Nuclear Power Plant in Scriba, N.Y.

The news comes following the release of the New York Department of Public Service’s proposal to subsidize zero-emissions attributes of upstate nuclear power plants, including FitzPatrick (Figure 1).




1. James A. FitzPatrick Nuclear Power Plant.
Entergy plans to close the 838-MW single-unit facility on January 27, 2017. The company said its decision was based on “the continued deteriorating economics of the facility.” Source: Entergy Corp.

Entergy announced on November 2, 2015, that it would retire the FitzPatrick plant. Key drivers cited by the company included “significantly reduced plant revenues due to low natural gas prices, a poor market design that fails to properly compensate nuclear generators like FitzPatrick for their benefits, as well as high operational costs.”

Today, Entergy said its discussions with Exelon are consistent with its commitment to consider any viable option that would allow FitzPatrick to remain in operation.…

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Exelon Makes Good on Threat—Quad Cities and Clinton Nuclear Plants to Close

June 3, 2016
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Given the lack of progress on Illinois energy legislation, Exelon Corp. announced on June 2 that it would begin taking steps to permanently shut down its Quad Cities and Clinton nuclear power plants.

In a statement, the company said Clinton would close on June 1, 2017, and that Quad Cities would follow exactly one year later. The two facilities have long been rumored to be on the chopping block due to economic struggles.

“This is an extremely difficult day for the 1,500 employees who operate these plants safely and reliably every day, and the communities that depend on them for support,” said Chris Crane, Exelon president and CEO. “We have worked for several years to find a sustainable path forward in consultation with federal regulators, market operators, state policymakers, plant community leaders, labor and business leaders, as well as environmental groups and other stakeholders. Unfortunately, legislation was not passed, and now we are forced to retire the plants.”

The two stations are said to have lost a combined $ 800 million during the past seven years, despite being two of Exelon’s best-performing plants.…

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