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Tag Archives: Exelon

NY nuclear plant scheduled to close saved by new owner

nuclear, energy plan New York

SCRIBA, N.Y. (AP) — A week after New York regulators adopted a subsidy policy for nuclear plants, Exelon Generation says it will assume ownership of the FitzPatrick plant in upstate New York, saving it from closing. The Entergy Corp. plant by Lake Ontario employs more than 600 people and produces enough electricity to power more than 800,000 homes. Chicago-based Exelon, ...

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Negotiators aim for sale to keep FitzPatrick nuke plant open

nuclear, energy plan New York

ALBANY, N.Y. (AP) — Negotiations to save the FitzPatrick nuclear power plant from closure by selling it to the operators of a nearby nuclear plant on Lake Ontario are underway. Exelon said Wednesday it was in discussions to purchase Entergy Corp.’s FitzPatrick plant in Scriba, New York, which employs more than 600 people and produces enough electricity to power more ...

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Exelon closes deal to buy Pepco, creating largest US utility

Exelon closes deal to buy Pepco, creating largest US utility

NEW YORK (AP) — Exelon has completed its nearly $7 billion deal to buy Pepco, creating America’s largest electric utility company. The deal closed late Wednesday after the company received approval from its final regulator, almost two years after the company first made its offer for Pepco. The combined company becomes the largest electric utility company in the U.S., based on ...

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GE inks more than $500 million power equipment order with Exelon

(Reuters) – General Electric Co <GE.N> said on Monday it has won an order worth more than $500 million to provide power-generating equipment to U.S.-based Exelon Corp <EXC.N>, including four of GE’s highest efficiency gas turbines. Exelon said it was planning to build two combined-cycle gas turbine units in Texas using the GE technology. The new units are being built ...

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More oil-by-rail heads to Appalachia’s refineries

Oil Cars (2)

By ANDREW MAYKUTH for The Philadelphia Inquirer At the Delaware River wharf where Appalachian coal trains once unloaded their cargo, 108 rail tankers lined up Tuesday to deliver a new distant energy source — crude oil from North Dakota. The Eddystone Rail Facility, built on leased land surrounding an aging Exelon Corp. power plant, is the latest oil-by-rail facility to open ...

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Exelon CEO: ‘We are not asking the state for a bailout’

By Julie Wernau | The Chicago Tribune Exelon Corp. is not seeking a bailout from Illinois to prop up its ailing nuclear power plants, Christopher Crane, chief executive of the energy company, said Wednesday in an exclusive interview with the Tribune. “We are not — are not — asking the state for a bailout,” Crane said. “We are looking at ...

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Exelon may shut down nuclear plants in profit struggle

nuclear power

Chicago-based Exelon Corp. said Thursday on a conference call following its quarterly earnings results that it will shut down nuclear plants to save money if it doesn’t see a path to steady profits this year. The company’s large fleet of nuclear plants have struggled to remain profitable as they attempt to compete with subsidized renewable generation and stubbornly low natural ...

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