Exelon has successfully convinced the New York Public Service Commission to take its side on the fate of the Ginna reactor–so far. The PSC ordered Rochester Gas & Electric, which had been buying power from the reactor, to engage in a new round of negotiations to continue purchasing its electricity–at least for the next four years or so. Continue reading
Yesterday, the New York Public Service Commission voted unanimously to require the upstate utility Rochester Gas and Electric (RGE) to enter into negotiations with Exelon to keep the company’s uneconomic Ginna reactor from shutting down this year.
Exelon subsidiary Constellation Energy, which runs the Ginna reactor, says the reactor has lost $100 million over the past three years and that while it is currently selling power on the open market, it is losing money there. Continue reading
And just last Friday, we noted that Exelon’s top nuclear exec said that the company doesn’t “intend” to close any reactors, but that his statement fell far short of an actual denial that it won’t close reactors in trouble.
Now, Exelon admits that one of its uneconomic reactors, the Ginna reactor in upstate New York that it scooped up when it bought Constellation Energy, needs serious help. And if it doesn’t get that help, Exelon says it’s going to close the 44-year old reactor.