"Exelon to Close 2 Nuclear Plants in Illinois"

"Exelon, a leading competitive power provider, plans to shut two money-losing nuclear plants in Illinois, the company said Thursday, after efforts to push a bailout through the state’s Legislature fell apart.

The company will close the Clinton Power Station in Clinton next June and the Quad Cities Generating Station in Cordova in June 2018.

Slowing demand for electricity and a flood of cheap natural gas have driven down the price of power, and the two plants, like others in the aging system across the country, have struggled to compete in wholesale markets. The two Exelon plants lost $800 million over the last seven years, the company said."

Diane Cardwell reports for the New York Times June 2, 2016.

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"TMI Nuke Plant Fails Power Auction Again, Future Uncertain" (LNP)