Exelon Generation Files Shutdown Reports for Byron, Dresden Plants
July 28 2021 - 10:50AM
Dow Jones News
By Chris Wack
Exelon Corp. said its Exelon Generation unit, owner and operator
of the Byron and Dresden nuclear energy facilities, will file
post-shutdown decommissioning activity reports with the Nuclear
Regulatory Commission, detailing long-term site restoration plans
for both stations after they shut down this fall.
The company said the filings are among the final steps in
retiring the plants, which face revenue shortfalls in the hundreds
of millions of dollars due to low energy prices and market policies
that give fossil fuel plants an "unfair competitive advantage."
Exelon said that absent a legislative solution, these same
market inequities will force the company to close its Braidwood and
LaSalle nuclear facilities sometime in the next few years.
With the reports complete, Exelon Generation is now preparing to
issue job reduction notifications to employees impacted by the
plant shutdowns. Staffing at the plants will fall from nearly 1,500
employees when the plant retirements were announced last August to
30 to 40 employees over the next 10 years.
Exelon said that closing the two plants will have the immediate
environmental impact equivalent to putting 4.4 million additional
cars on the road, emitting carbon and other harmful sources of air
pollution.
As part of the decommissioning process, Exelon Generation has up
to 60 years to restore Byron and Dresden, which includes
transporting the stations' used fuel to long-term storage,
decontaminating and removing plant components and razing the
remaining buildings.
Byron is scheduled to shut down in September and Dresden in
November.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
July 28, 2021 10:37 ET (14:37 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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