Illinois approves $700 million in
subsidies to Exelon, prevents nuclear
plant closures
Sept 13
The Illinois Senate on Monday saved
two Exelon Corp nuclear power plants
from closure by passing a bill that
will provide $700 million in subsidies
to the company over five years for
generating virtually carbon-free power.
Exelon (EXC.O) had threatened to close
its Byron nuclear plant on Monday and
Dresden nuclear plant in November
because of rising costs and competition
from power plants that burn low-cost
natural gas.
The Senate passed the bill 37-17. The
house approved the measure last week
after a compromise deal on coal plant
closures favored by both
environmentalists and labor groups.
https://www.reuters.com/world/us/illinois-senate-close-providing-lifelin e-3-nuclear-power-plants-2021-09-13/
Landmark Ill. climate bill passes in
boon for nuclear, renewables
09/14/2021
After struggling for years to meet its
clean energy goals, Illinois is poised
for a wind and solar boom after the
General Assembly gave final approval
to sweeping legislation that will
authorize more than a half-billion
dollars a year in renewable spending https://www.eenews.net/articles/landmark-ill-climate-bill-passes-in-boon -for-nuclear-renewables/
Illinois approves $700 million in
subsidies to Exelon, prevents nuclear
plant closures
Sept 13
The Illinois Senate on Monday saved
two Exelon Corp nuclear power plants
from closure by passing a bill that
will provide $700 million in subsidies
to the company over five years for
generating virtually carbon-free power.
Exelon (EXC.O) had threatened to close
its Byron nuclear plant on Monday and
Dresden nuclear plant in November
because of rising costs and competition
from power plants that burn low-cost
natural gas.
The Senate passed the bill 37-17. The
house approved the measure last week
after a compromise deal on coal plant
closures favored by both
environmentalists and labor groups.
https://www.reuters.com/world/us/illinois-senate-close-providing-lifelin e-3-nuclear-power-plants-2021-09-13/
Landmark Ill. climate bill passes in
boon for nuclear, renewables
09/14/2021
After struggling for years to meet its
clean energy goals, Illinois is poised
for a wind and solar boom after the
General Assembly gave final approval
to sweeping legislation that will
authorize more than a half-billion
dollars a year in renewable spending https://www.eenews.net/articles/landmark-ill-climate-bill-passes-in-boon -for-nuclear-renewables/
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