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[The following is a paid advertisement.]
The following is excerpted from a Daily Herald op-ed by Exelon Corporation President and CEO Chris Crane:
“Keeping the lights on, safely and reliably, is Exelon’s primary responsibility to customers. Part of that is planning ahead to make sure we have enough power to meet our region’s needs for years to come.
Over the past decade, the power generation system has dramatically changed. The grid was once powered almost entirely by highly reliable power plants like nuclear and coal, which have fuel on site and can run 24/7 in all weather conditions. Today it has moved toward natural gas, which is subject to supply disruption if home heating becomes critical or the gas delivery system freezes, and renewables, which only run when the sun shines or when the wind blows. …
While this shift has helped provide cleaner power, it has led to a major unintended consequence — the system is no longer sufficiently reliable, especially during extreme weather.
The challenges became clear during the 2014 polar vortex, when PJM, which operates an electric grid from northern Illinois to the mid-Atlantic, lost 22 percent of its power generation and came dangerously close to a large-scale blackout. A recent decision by the Federal Energy Regulatory Commission (FERC), the agency charged with ensuring the reliability of the grid, will help avoid such a crisis. …
The plan, known as capacity performance, only pays power plants that deliver power when promised — especially in the hottest or coldest weather — and imposes financial penalties on those that don’t. …
[A]uctions under the new plan [will] ensure enough supply for customers’ needs in years to come. …
Importantly, any auction proceeds will be reinvested in improving the reliability of our power plants…
Exelon is constantly investing in its nuclear power plants, spending nearly $1 billion annually to add the latest technologies and keep them operating safely and reliably. …
Now is an opportune time to implement these reforms for a more reliable grid that will keep homes lit and warm, businesses running, and our economy growing.”
Learn more about reliable nuclear energy at www.NuclearPowersIllinois.com
posted by Advertising Department
Wednesday, Sep 2, 15 @ 1:54 pm
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