…can dismantle the plant, restore the site and then return control back to Exelon. The eagerness to destroy the plant has several possible explanations. The company knows enough about the condition of the plant after a ten year lay-up that it believes it would be too expensive to restart. Exelon has a good enough understanding of the electrical power markets in its territory to know that Zion’s contribution to the local supply would just push down…
…he price of electricity drops and the unit sales volume for companies like Exelon also drop. This behavior can lead some to believe that Exelon has motives that are similar to those of the rest of us – it does well when the economy is strong and less well when it is weak. However, if the supply of electricity increases faster than demand, as it did during the period from 1970-1990 due to the rapid acceptance of a new power source like fission, the…
…ices generated from power plants using natural gas highly competitive with Exelon’s electricity prices. Whereas Exelon is best known for its electric utilities in Chicago and Philadelphia, most investors are surprised to learn that two-thirds of Exelon’s earnings come from the sale of unregulated power in competitive electricity markets, including the PJM Interconnection that serves the Mid-Atlantic states of Pennsylvania, New Jersey, and Maryland…
…Though he is retiring, I am sure that he owns a large number of shares in Exelon and probably has a substantial number of options to buy more. The price at which Exelon’s power plants sell their power is determined by what is known as a reverse auction. The grid operators determine the amount of electrical power that they will need for given times of day. They accept bids from supplying companies for the amount of power they are willing and able…
…as adequately demonstrated a history of using market power to drive up prices and profits at the expense of customer interests. Additional reading related to Exelon bear hug attempt: EDF Asks Maryland Regulators To Block Exelon-Constellation Merger…
…tml Kit P Here is a link to the PJM grid. https://edata.pjm.com/eContour/# Exelon has plants west of Chicago and near filthydepphia. If you add Constellation that will add the Baltimore. Others in PJM that have lots of power plants including nukes are AEP, PP&L, DOMINION, DUKE (may be in another system in Indiana and Ohio), FIRST ENERGY. So Jason you do not have to worry about Exelon ‘stifling of competition in the utility sector’. Think about the…
…week, I managed to get connected with Steve Hutchins, who is on loan from Exelon Generation to the Nuclear Energy Institute as a senior project manager. One of his primary duties is leading the industry response to the open phase vulnerability. Hutchins was the senior manager electrical engineering for Exelon Generation corporate when he was sent to the Byron site on January 31, 2012 to learn more about the open phase event that had occurred at U…
…to mortgage their future in return for some quick cash from frackers. Both Exelon and Chesapeake Energy will benefit mightily when reality returns and the supply of natural gas is found to be insufficient to meet the demand. Both companies were essentially printing money during the period between 2003-2008 when the price of natural gas in the US was 3-5 times as high as it is today. (Exelon is a nuclear focused utility that markets its electricity…
…t Journal’s summary of Exelon’s most recent quarterly earnings call titled Exelon 4Q Net Falls On Weak Demand, Unfavorable Weather. Here is a quote from that article: As the nation’s largest nuclear generator, Exelon is expected to benefit from new climate change regulations because of the emissions profile of reactors. But analysts from Goldman Sachs Group, Oppenheimer & Co and Macquarie Group in recent weeks have downgraded Exelon shares as glob…
…in America employs 9,000 workers to produce $8 billion in annual revenue. Exelon, one of the most efficient nuclear generating companies in the US, currently employs 27,000 workers to produce $19 billion in revenue. For every $1 billion in revenue, Exelon provides 1500 jobs, Peabody Energy provides 1125 jobs and ExxonMobil provides just 170 jobs. End Aside. Here is a key passage from the discussion in which Professor Mitchell explains his views a…
…ay that I can logically understand the closing passage from Robert Manor’s Exelon boss still shopping, published on 23 September 2006 in the Chicago Tribune. Manor expends a good deal of virtual ink describing Exelon’s relentless pursuit of acquisitions of other companies that own and operate nuclear power plants. At the end of the article, however, Manor describes Rowe’s attitude about new nuclear power plants with words that could just as easily…
…could to the questions that have bothered him for so many years. Why does Exelon refuse to revisit its decision to close Zion in the light of a different market, a different understanding of the environmental impact of burning fossil fuel and a different political situation? Why won’t Exelon offer the plant for sale if it considers restoring it too much of a deviation from its current capital investment strategy? Why shouldn’t the customers who p…
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