Exelon Open to Closing Oyster Creek Reactor Pre-2019
http://www.bloomberg.com/news/2012-11-14/exelon-open-to-closing-oyster-creek-reactor-pre-2019.html
Exelon Open to Closing Oyster Creek Reactor Pre-2019
By Julie Johnsson - 2012-11-14T01:31:32Z
Exelon Corp. (EXC), the largest U.S. nuclear plant operator, would consider closing its Oyster Creek station before the plants planned 2019 decommissioning, Chief Executive Officer Christopher Crane said.
Exelon would accelerate plans to close Oyster Creek in Forked River, New Jersey, if it faced unexpected new capital costs at a time when depressed power prices and cheap renewable energy are squeezing nuclear generation margins, Crane said in an interview yesterday.
Exelon already has deferred plans to boost capacity at its LaSalle nuclear station in northern Illinois and Limerick plant in Pennsylvania, saving $1.2 billion in the near-term, the chief executive said.
The Chicago-based company also plans to refuel its Clinton nuclear plant annually instead of every two years in a bid to boost profitability at the hardest-hit plant in Exelons 17- reactor system, he said.
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