Energy Procurement, Industrial, Power Prices, Utilities, Finance, Wind - June 23, 2016
Exelon looks to 200-MW Ohio wind facility as it plans nuclear retirements
Power and utility giant.
According to a report from Platts, the company, which for years fought against the extension of the most commonly used federal tax credit for wind generation projects, recently filed a pre-application notice through its Exelon Wind subsidiary with the Ohio Power Siting Board for the project. Exelon, which is the largest owner of nuclear generation assets in the U.S., was removed from the American Wind Energy Association's board in 2012 for its"vocal opposition to extending the [production tax credit]," according to Politico.
Platts quoted spokeswoman Kristin Otterness as saying Exelon was "in the early stages" of developing the wind project.
A number of Exelon's unregulated nuclear generation facilities have been operating under financial distress in recent years as newer, more efficient natural gas and wind generation have made their power uneconomic in the wholesale electricity market. After working for years to drum up financial support from lawmakers and regulators for its Clinton and Quad Cities nuclear plants, whose combined capacity is close to 3,000 MW, Exelon on June 22 said it formally notified the Nuclear Regulatory Commission of its intent to retire them.
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