Tag Archives: Crain’s Chicago Business

Exelon seems to think the rules are for others

Cover sheet of NRC letter to Exelon raising questions about the company's efforts to reclassify public documents on emergency planning.

Cover sheet of NRC letter to Exelon raising questions about the company’s efforts to reclassify public documents on emergency planning.

It might seem that we’re guilty of dumping on Exelon in these pages, which is possibly true, especially since there is an apparently endless supply of Exelon-initiated issues worthy of bringing to public attention. After all, Exelon is the nation’s largest electric utility, the largest nuclear utility, and while we haven’t developed a test for this yet, quite likely the nation’s greediest electric utility. Continue reading

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Will Exelon Survive?

Artist's rendition of an Exelon building in Baltimore after the Exelon/Constellation merger.

Artist’s rendition of an Exelon building in Baltimore after the Exelon/Constellation merger.

The question of the day is: will the nation’s largest nuclear power utility, Exelon, survive? That’s a question that wouldn’t even have been asked a few years ago; Exelon was riding high. But with its stock price down 60% since July 2008, with 55% of its electricity coming from aging and increasingly uncompetitive nuclear reactors, it’s now a valid question, one that Crain’s Chicago Business has been doing an excellent job in covering, especially over the past week.

It’s an important question: Exelon’s future will be, perhaps, the future of nuclear power in the U.S. At the least, its fate certainly will have a magnified impact on that future, and on the ability of other heavily nuclear utilities to navigate the new utility era they suddenly find themselves in. But to make a real attempt to answer the question requires a little more background and perspective.  Continue reading