* Steve Daniels at Crain’s…
A $6 billion program to bail out unprofitable nuclear plants is part of the bipartisan infrastructure bill the U.S. Senate will consider this week, but it won’t save two nukes Exelon has said it plans to close this fall.
Even if the federal bailout becomes law, it doesn’t offer enough financial security to keep the Byron and Dresden plants operating, the company said today. […]
“While we remain encouraged by growing support in Congress to preserve nuclear energy to help combat climate change, the provisions currently under consideration in the Senate infrastructure bill do not provide the policy and funding certainty we need and could take months or even years to come to fruition, if at all,” the company said in a statement. “Meanwhile, our Byron and Dresden nuclear plants must be refueled this fall—Byron in September and Dresden in November. If we refuel both stations to delay their retirement, we will be committed to running the plants for up to an additional two years, during which we could face revenue shortfalls in the hundreds of millions of dollars. We can’t risk taking those losses with no guarantee of a legislative solution.”