Byron nuclear power plant (Photo: Constellation)
“Keeping Illinois nuclear plants open is saving some customers $237 a year on average,” reads the headline of a recent CNBC article about the Climate and Equitable Jobs Act, which was passed by the Illinois legislature and signed into law by Gov. J.B. Pritzker in September 2021. The legislation includes a provision to keep Illinois nuclear power plants open to meet the state’s clean energy goals, even if the facilities are not profitable.
Illinois governor J.B. Pritzker appreciates applause at the signing event for the state's new energy bill.
In an hour-long ceremony held yesterday at Chicago’s Shedd Aquarium amid some fanfare (it included an appearance by lizards, a snake, and a penguin), Illinois Gov. J.B. Pritzker signed into law the Climate and Equitable Jobs Act (S.B. 2408). The bill is a sweeping overhaul of the state’s energy policies aimed at phasing out fossil-fuel power generation and placing Illinois on a path to become a 100 percent carbon-free energy producer by 2050.
The Byron nuclear power plant
Illinois governor J. B. Pritzker’s proposal to subsidize the state’s Byron and Dresden nuclear plants, introduced in legislative form last week, falls short, Exelon Corporation President and Chief Executive Officer Chris Crane said on May 5 during the company’s first-quarter earnings call.
“From what we’ve heard, it’s open to negotiation, but just going from the street analyst opinion and what we’ve seen, its starting point is not adequate to keep the plants’ continued operations going,” Crane stated.
April 16, 2021, 2:59PMUpdated April 19, 2021, 10:56AMNuclear News The Byron nuclear plant is currently slated for permanent closure in September. Photo: Exelon
A research and consulting firm hired by Illinois governor J. B. Pritzker’s administration to scrutinize the financial fitness of Exelon’s Byron and Dresden nuclear plants approves of limited state subsidies for the facilities, according to a redacted version of the firm’s report made available yesterday.