Search Results for: Exelon

…early wipe out all of the emission free generation capacity increases that Exelon has proudly announced it will be achieving over the next ten years with a $5 billion program of nuclear plant power uprates. By any honest accounting, the Exelon 2020 plan will have to count this early retirement as a very large step backward after making a few small steps forward by adding 20-100 MWe of capacity to each of several existing plants. I freely admit tha…

…. Here is a quote from a November 25 article in the Chicago Tribune titled Exelon rethinks design for proposed reactor. “Exelon said it is currently “considering reactor technologies that have more mature designs, more certain cost structures and better availability of information that the ESBWR.” While the technological advancements that the ESBWR promises “show great promise,” said Thomas O’Neill, Exelon’s vice president for new plant developmen…

…new plants in the great state of Texas. Amarillo Power – 2 TXU – 3 NRG – 2 Exelon – 2 Of course, Exelon’s President, Chris Crane, was careful not to contradict his boss, John Rowe. When announcing the company’s plan to file paperwork with the NRC in preparation for a project in Texas, Mr. Crane carefully stated that his company would not build unless several conditions were met in advance, including a resolution to the problem of storing spent (hi…

…y and make better use of the fossil fuels that they are already producing. Exelon CEO John Rowe was interviewed a few days ago on CNN. He repeatedly said that there is no demand in the market for any new capacity and that the cheapest new capacity was energy efficiency. Those statements reinforce the establishment message that there is no need to build any new plants that produce more reliable, cleaner power than the plants that are currently runn…

…t.com/2009/11/exelon-exits-growth-through-acquisition.html In my review of Exelon‘s business strategy 11/03/09 (URL above) I pointed out Exelon‘s reasons for exiting its growth by acquisition strategy was based, in part, on the drive for quarterly profits and shareholder returns in the form of an increasing stock price. Also, both Exelon and Entergy, two of the nation’s largest nuclear utilities, have adopted a growth strategy based on uprates to…

The Associated Press is reporting that Exelon will be delaying its proposed two unit nuclear reactor development near Victoria, Texas. The company attributed the decision to the difficult financial markets and its failure to make the cut for the first round of US Department of Energy loan guarantees. People who have been following this project for some time will remember that Exelon initially proposed building GE ESBWR’s on the site, but then cha…

…2009 – Discussing Zion Versus Wind Turbines February 5, 2009 – Unfriending Exelon January 24, 2009 – Exelon’s Strategy is Working for Stockholders but not Always for Customers December 5, 2008 – More Questioning About the Zion Reactors June 5, 2008 – Could Zion be the Next Browns Ferry Additional Information Timeline of Key Events for Zion Nuclear Power Station (Source: NRC: Zion Units 1 & 2) (Disclosure: My personal investment portfolio includes…

…ith carbon regulation. Due to its overall low-carbon generation portfolio, Exelon expects to have an advantage over fossil fuel powered generation under a cap-and-trade program. Exelon has estimated that its revenue during the first year of compliance after enactment of H.R. 2454, as currently drafted, could increase by approximately $1.1 billion, assuming $15/tonne CO2 allowance price and other assumptions, including but not limited to, merchant…