Huge power company pushes for FirstEnergy’s Ohio nuke plan: ‘As a nation, we are at a crossroads’

CHICAGO, IL — “Exelon Corp., the company that owns a quarter of the country’s nuclear power plants, is vouching for an Ohio utility’s plea for subsidies for its two nuclear plants.

…’As a nation, we are at a crossroads,’ Joseph Dominguez, executive vice president for governmental and regulatory affairs and public policy for Exelon, said in submitted legislative testimony. ‘We are at risk of losing the very assets that most reliably produce electricity with zero carbon emissions, and help to ensure a stable and resilient electric grid.’

Exelon’s comments are timely: This week it said it would shut down its Three Mile Island nuclear plant unless Pennsylvania lawmakers approve subsidies. With ownership of 23 of the country’s approximately 100 nuclear reactors, it is the leader in the strategy FirstEnergy adopted for its Davis-Besse and Perry power plants in northern Ohio.

The Chicago company’s strategy has already worked in Illinois and New York, where state legislators agreed to give nuclear plants there financial support.”

— Tom Knox, Columbus Business First

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