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Tag: exelon

Constellation announces TMI-1 restart, power purchase agreement with Microsoft

September 20, 2024, 9:30AMNuclear News
Before shutdown of the plant, the working cooling towers of TMI-1 are on the right. The dormant cooling towers on the left are for Unit 2, which was permanently closed because of the 1979 accident. (Photo: Constellation Energy)

Nuclear powerhouse Constellation announced today the signing of a 20-year power purchase agreement with Microsoft that will pave the way for the restart of Three Mile Island Unit 1—under a new name to honor Chris Crane, former chief executive of Exelon when Constellation was part of the larger company.

Constellation chief doesn’t rule out Three Mile Island restart

May 24, 2024, 9:34AMNuclear News
An aerial photo of the three mile island nuclear power station. (Photo: Constellation)

On the company’s earnings call this month, Constellation CEO Joe Dominguez was asked if there is a possibility of restarting the shuttered Three Mile Island plant—as is being proposed for the Palisades nuclear plant in Michigan.

“We’re not unaware that opportunity exists for us,” Dominguez said. “We’re obviously seen what’s happened with Palisades and I think that was brilliant. Brilliant for the nation. … We are doing a good bit of thinking about a number of different opportunities, and that would probably certainly be one of those that we would think about.”

Former Exelon CEO Chris Crane remembered for “transformational milestones”

April 17, 2024, 3:02PMNuclear News

Crane

Exelon announced that Chris Crane, the company’s former chief executive, passed away on Saturday in Chicago at the age of 65.

Crane served as the company’s president and CEO from 2012 until his retirement in December 2022. During his tenure, he steered the energy company through several transformational milestones, including the successful mergers with Constellation Energy in 2012 and Pepco Holdings in 2016, creating the largest utility business by customer count in the United States.

In 2022, with the spin-off of Constellation as the generation and retail side of energy business (with the largest U.S. nuclear fleet), Crane led the creation of a stand-alone transmission and delivery energy company.

NRC releases decommissioned Zion site for unrestricted use

November 9, 2023, 9:31AMRadwaste Solutions
The Zion nuclear plant site as it appeared earlier this year. (Photo: Tim Gregoire)

The Nuclear Regulatory Commission has released for “unrestricted use” most of the land on and around where the Zion nuclear power plant once operated in northeastern Illinois. This means that any residual radiation is below the NRC’s limits and there will be no further regulatory controls by the agency for that portion of the property.

Kenneth S. Petersen: Looking forward with optimism

June 30, 2023, 3:03PMNuclear NewsPaul LaTour

When Ken Petersen is asked what he sees as the biggest challenges facing nuclear today and in the future, he immediately turns the question around. The 69th president of the American Nuclear Society prefers to focus on the positives of nuclear power instead of dwelling on the biggest challenges facing nuclear’s future prospects. That’s because there’s a lot to celebrate within the nuclear community—especially recently.

Most everything is trending up—from advanced technologies such as SMRs and microreactors to the promise of fusion energy to new ways of creating medical isotopes to progress in space exploration. “There’s huge momentum for nuclear right now,” Petersen said. “We're getting support from the environmentalist community and from legislation. I see it as a huge opportunity for us to continue to grow. It’s an exciting time. And it’s not just the U.S. It’s worldwide, too.”

Constellation planning license renewals for Clinton, Dresden

November 2, 2022, 9:33AMNuclear News
Constellation Energy's Clinton nuclear power plant. (Photo: NRC)

Constellation Energy, owner and operator of the nation’s largest reactor fleet, will ask the Nuclear Regulatory Commission to extend the operating licenses of the Clinton and Dresden reactors by 20 years, the company announced Monday, adding that it expects to file license applications with the agency in 2024.

NRC returns to full strength with Caputo, Crowell confirmations

August 3, 2022, 3:06PMNuclear News

Crowell

Caputo

The Senate last evening confirmed by voice vote Annie Caputo and Bradley R. Crowell to seats on the Nuclear Regulatory Commission, returning the agency to its full, five-member complement. Caputo’s term expires in June 2026, Crowell’s in June 2027.

Nominated by President Biden in May to serve on the commission, Caputo and Crowell appeared before the Senate Environment and Public Works (EPW) Committee on June 8 to field questions. On July 27, the EPW Committee unanimously approved both and sent their nominations to the Senate floor.

Holtec defines $7.4B SMR build plan, inks agreement with Entergy

July 25, 2022, 7:03AMNuclear News
Holtec’s Advanced Manufacturing Division, in Camden, N.J. (Photo: Holtec)

The Department of Energy earlier this year approved part one of a loan application from Holtec International for small modular reactor construction and invited the firm to apply for a loan to help build four of its SMR-160 units and grow its manufacturing capacity to produce the first wave of SMRs.

U.S. nuclear capacity factors: A smaller fleet invested in the future

May 13, 2022, 2:59PMNuclear NewsSusan Gallier

The United States has just 93 operating power reactors at this writing. The fleet last numbered 93 in 1985, when nuclear generation topped out at 383.69 TWh, less than half of the 778.2 TWh produced in 2021.

While the 93 reactors operating today have more capacity, on average, than in 1985, most of that increased productivity is down to operational improvements that pushed the fleet’s average capacity factor from just 57.5 percent in the three-year period 1984–1986 to near 90 percent by the early 2000s.

Exelon split completed; Constellation launched

February 2, 2022, 3:00PMNuclear News

Constellation, formerly Exelon Generation, owner and operator of the nation’s largest nuclear reactor fleet, announced this morning the completion of its separation from Exelon Corporation and its launch as a stand-alone, publicly traded company. Headquartered in Baltimore, Md., the new company began trading today on the Nasdaq Global Select Market under the symbol “CEG.”

Exelon announced last February that it had begun the effort to separate its utility businesses from its competitive power generation and customer-facing energy businesses.

Predictions: What lies ahead for nuclear in 2022

January 21, 2022, 3:26PMNuclear News

As we begin a new year, it is natural not only to look back (see page 24 for top news stories of 2021) but also to look forward. Nuclear News reached out to leaders in the nuclear community to get their predictions on what 2022 has in store, whether broadly or for their specific areas within the community. Although the responses below are wide-ranging and varied, one thing is made clear by all of the respondents: 2022 will see growth and opportunity. The future for nuclear is bright.

Exelon Generation shares plans for future as Constellation

January 12, 2022, 9:30AMANS Nuclear Cafe

Exelon Generation—owner and operator of the nation’s largest power reactor fleet—held an online event yesterday outlining the company’s business strategy as it prepares to separate from Exelon Corporation under the name Constellation. The separation is expected to become final on February 1.

Granholm promotes nuclear and Build Back Better

December 14, 2021, 7:32AMNuclear News
Energy secretary Jennifer Granholm tours the Braidwood control room on December 9. (Photo: Exelon)

Energy secretary Jennifer Granholm toured the Braidwood nuclear plant in Illinois last week as part of a statewide tour to promote the climate provisions in the recently passed trillion-dollar infrastructure law and the Build Back Better Act, over which the Senate continues to haggle.

Getting INL to net-zero carbon emissions by 2031

December 13, 2021, 3:00PMANS Nuclear CafeDonna Kemp Spangler

Kandasamy

Daunting tasks are nothing new for Jhansi Kandasamy. Her record of accomplishments over three decades suggests that she is often the first to succeed where others fall short. “I like to be the first,” she said with a laugh.

Her latest first? Kandasamy was recently named Idaho National Laboratory’s net-zero director. She is charged with achieving net-zero carbon emissions for INL within the next 10 years and her plan is to be 75 percent toward that goal within the next five years.

John Wagner, INL director, announced the Net-Zero initiative on Earth Day 2021, and he acknowledged it won’t be easy. “I understand this is an audacious goal,” he said, “but overcoming significant national challenges is exactly what national laboratories were established to do.”

NRC okays license transfers for Exelon plants

November 18, 2021, 3:00PMNuclear News

The Nuclear Regulatory Commission has approved the indirect transfer of the licenses for 23 operating and five decommissioning reactors, as well as their associated independent spent fuel storage installations, from Exelon Corporation to a new company as part of a corporate restructuring, the agency announced yesterday.

Exelon to Congress: Pass infrastructure and Build Back Better bills

November 4, 2021, 7:00AMNuclear News

Crane

Exelon, owner and operator of the nation’s largest nuclear reactor fleet, has made clear its position on the massive infrastructure and social spending bills that federal lawmakers, at this writing, continue to haggle over.

“As world leaders convene in Glasgow for COP26 to address the climate crisis, the need for America to take action has never been more urgent,” said Chris Crane, Exelon’s president and chief executive officer, on Monday. “The bipartisan infrastructure agreement and the policy framework for Build Back Better legislation will make us more competitive globally, spur innovation and support good-paying jobs, protect current and future generations from the worst impacts of climate change, and cement America’s leadership on one of the most pressing challenges—and opportunities—of our time. The time to act is now, and we encourage lawmakers to pass these critical policies into law.”