Climate Changed
Buoyed by State Aid, U.S. Nuclear Plant Still Fails at Auction
- Quad Cities fails to submit winning bid at PJM auction
- Three Mile Island at risk of early retirement: Exelon
Exelon Corp.’s Quad Cities reactors in Illinois.
Source: Nuclear Regulatory CommisionThis article is for subscribers only.
Even the promise of state subsidies wasn’t enough to help a struggling nuclear power plant in the biggest electricity market emerge a victor in a closely watched auction.
Exelon Corp. said its Quad Cities plant in Illinois didn’t clear at the annual auction of capacity rights by PJM Interconnection LLC. It was the first time the grid operator had held a sale since a handful of nuclear reactors in Illinois and New York won subsidies to stay open.