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[The following is a paid advertisement.]
1. Exelon Just Received Up To $58 Million in 2015 For Clinton Nuclear Plant
2. Clinton To Stay Open Through At Least May 2016
3. Byron and Quad Cities To Stay Open Through May 2017
A Good Day for Clinton:†On April 14th, the MISO Grid announced that auction prices in Illinois skyrocketed. The result? Clinton will earn as much as $58 million from ratepayers in ìcapacity revenueî starting June 1, 2015. The previous year, Clinton earned up to $6 million ñ an increase of $52 million.
Clinton Stays Open Another Year:†Because Clinton cleared the auction, Exelon is obligated to keep Clinton open through at least May 31, 2016.
Auction Process Delayed to Summer:†The PJM Grid auction results were expected to be announced May 22. Due to a Federal Energy Regulatory Commission administrative process, the auction has been delayed by a few weeks. Auction results are expected in late July or early August.
Expected Results Unchanged:†Fortunately for Exelon, market analysts expect the results for Exelon to remain essentially the same. Exelon is expected to receive hundreds of millions in additional ratepayer dollars each year starting in 2016.
Byron and Quad Cities Stay Open Until At Least May 2017:†Because Exelon previously successfully bid these plants into the PJM Grid auction, Exelon is obligated to keep them open through at least May 31, 2017.
BEST Coalition is a 501C4 nonprofit group of dozens of business, consumer and government groups, as well as large and small businesses. Visit www.noexelonbailout.com.
posted by Advertising Department
Thursday, Apr 16, 15 @ 1:00 pm
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