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Logjam in Washington May Help Exelon Save Nukes in Illinois

Nov. 1, 2019, 7:34 PM

A prolonged delay of the biggest U.S. power auction may give an edge to Exelon Corp.’s struggling nuclear plants in Illinois.

Suspending the auction indefinitely while the Federal Energy Regulatory Commission considers new rules creates a window for Illinois lawmakers to pass subsidies that would make Exelon’s reactors more competitive, Chief Executive Officer Chris Crane said.

“While the FERC delay is very frustrating, it does allow Illinois more time to enact and implement the legislation changes,” Crane said in a conference call Thursday.

Nuclear plants across the U.S. are struggling to remain profitable in the face of cheap natural...

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