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
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