Earlier this month, we reported that climate scientist Dr. James Hansen and the pro-nuclear Breakthrough Institute’s Michael Shellenberger had leaped–apparently on their own–into the battle over the future of some of Exelon’s unprofitable nuclear reactors in Illinois.
In a nutshell, Exelon wants a taxpayer and/or ratepayer (it doesn’t really care where the money comes from) bailout to ensure that Exelon will receive a profit, whether the reactors themselves are profitable or not. They aren’t, and a Clinton reactor official (the most endangered of Exelon’s fleet) said this week that even with a bailout Clinton wouldn’t be profitable for “five to seven years.” Continue reading
Exelon’s Fukushima-clone Dresden nuclear complex (Unit 1, on the right, has been closed since 1978 as it couldn’t meet safety regulations).
It should surprise absolutely no one that a utility that relies on dirty energy to make its money also plays dirty when its money is threatened or when a state legislature is considering whether to bail out the company with its constituents’ money.
So don’t be surprised that we report that yes indeed, gasp, Exelon is playing dirty in Illinois. And just about everywhere else too.
Misleading robocalls. A subsidiary trying to sabotage energy efficiency programs. Even hiding–or at least not drawing attention to–a huge tax case loss. That’s Exelon in action.Continue reading