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[The following is a paid advertisement.]
Recently, Exelon announced that all of its nuclear plants in the PJM market cleared the most recent capacity auction and that it will defer any decisions about the future operations of its Quad Cities and Byron nuclear plants for one year. As a result, the Quad Cities nuclear power plant will run through at least May 2018, while the Byron plant will run through at least May 2019.
This is encouraging news for Illinois. According to a report by the State of Illinois, the Quad Cities and Byron plants support 5,075 jobs and contribute $1.39 billion to the state’s economy. Overall, Illinois’ nuclear energy facilities produce 90 percent of the state’s carbon-free energy, support 28,000 jobs, and inject nearly $9 billion into the Illinois economy every year.
While the recent results of the PJM capacity auction which reflect new market reforms that better recognize the unique value of always-on nuclear energy is encouraging, Quad Cities and Byron, as well as Clinton, remain economically challenged. These plants are long-lived assets with decades of useful life left and today’s announcement is only a short-term reprieve. Policy reforms are still needed to level the playing field for all forms of clean energy and best position the State of Illinois to meet EPA’s new carbon reduction rules.
Learn more about the benefits of nuclear energy at www.NuclearPowersIllinois.com
posted by Advertising Department
Thursday, Sep 24, 15 @ 2:39 pm
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