Exelon Nukes Would Get $698 Million Under Illinois Energy Bill

June 11, 2021, 4:37 PM

A major Illinois energy bill that aims to fully decarbonize the state’s energy sector by 2035 includes more than $700 million in subsidies to coal and nuclear power stations and billions of additional dollars to support renewable-energy provisions.

The anticipated legislation provides $698 million over five years to Exelon Corp. to continue operating its Bryon, Dresden, and Braidwood nuclear stations, which would cost the average residential ratepayer an estimated $0.80 a month, according to a Thursday memorandum from Gov. J.B. Pritzker (D)'s office.

It also would phase out using coal to produce electricity by 2035 and natural gas by 2045 ...

To read the full article log in. To learn more about a subscription click here.