Exelon: Still Time for Pennsylvania to Help Three Mile Island

Pennsylvania’s legislature still has time to help keep Exelon Corp.'s financially struggling Three Mile Island nuclear plant operating, Exelon’s Joseph Dominguez told Bloomberg BNA.

“We’re continuing the discussion with policymakers that we really began six or seven months ago: talking about the value proposition of nuclear, both from an environmental standpoint, as well as from fuel diversity and grid resilience standpoint,” Dominguez, Exelon’s vice president of governmental and regulatory affairs and public policy, told Bloomberg BNA May 31.

Exelon announced May 30 that it plans to prematurely close Three Mile Island by Sept. 30, 2019, due to financial losses at the plant from low wholesale power prices tied to the natural gas shale boom. In a statement announcing those plans, the company identified some potential policies that could keep the plant viable, including amendments to the state’s Alternative Energy Portfolio Standard and the creation of a zero-emissions credit program.

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