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October 1, 2014, 9:21 pm
970 WMAY News

Exelon CEO: Clinton Nuke Plant Could Be Closed Late Next Year


Clinton’s nuclear power plant could be closed down by the end of 2014 if wholesale electric prices don’t improve by then. 

 

That warning comes from the head of Exelon, which owns Clinton and four other nuke plants in the state.  CEO Christopher Crane tells Crain’s Chicago Business he believes the wholesale market will rebound… but if it doesn’t within the next year, plant closures will follow. 

 

The depressed power market has caused a sharp dropoff in Exelon’s earnings and a decline in the company’s stock price.

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