Exelon Corp. officials have opted against making a decision on closing a nuclear plant in Clinton, Illinois.
Exelon President and CEO Chris Crane says company officials will make a decision on the closure in one year due to pending legislation that could "level the playing field" for nuclear energy, even though the Clinton plant is currently "remains unprofitable and more needs to be done." Exelon has also delayed a decision on closing plants in the Quad Cities and Byron, Illinois for the same reason.
Exelon is seeking a controversial bailout by lawmakers via a surcharge on electric bills that would go to companies that produce carbon-free electricity. Opponents say the company does not need a legislative bailout. Read more about the issue in our previous coverage.