Exelon chief: Wind subsidies could shut down nuclear plants

Exelon was even kicked out of the American Wind Energy Association for opposing the production tax credit.

“Republicans and conservative groups also have echoed some utilities — like Exelon — in saying the subsidy establishes “negative pricing” in some areas. Crane explained the subsidy reduces the rate Exelon receives from nuclear generation by encouraging wind turbines to rotate when power demand is low. That means the utility sometimes pays customers to take its nuclear power in wind-heavy regions.”

Read more at The Hill.

Leave a Reply

Your email address will not be published.