Exelon says New York PSC action boosts the continued role of upstate nuclear

Exelon Generation on Jan. 21 commended the New York Public Service Commission for voting unanimously that day to move forward with an ambitious Clean Energy Standard that values the vital environmental and economic benefits of nuclear energy.

Exelon Generation said it fully supports policies that promote the transition to low-carbon generation while avoiding the premature retirement of clean, safe and reliable nuclear facilities.

“We salute PSC Chair Audrey Zibelman and the full commission for their bold action today in support of clean energy, renewed private investment and lower rates for New York customers,” said Joe Dominguez, Exelon’s executive vice president of governmental and regulatory affairs and public policy. “Progressive energy policies will help ensure that Exelon’s upstate nuclear stations can continue delivering zero-carbon electricity and driving local economies for many years to come. We look forward to working with the governor, the PSC and other stakeholders to learn more about this ambitious plan.”

Exelon said its two upstate nuclear plants, R.E. Ginna and Nine Mile Point, provide significant benefits to New York families, communities and businesses that depend on the reliable electricity, jobs and tax dollars they provide. The plants also play a key role in meeting New York’s greenhouse gas standards now and in the future. Combined, the facilities produce more than 2,500 MW. The stations contribute significantly to the upstate New York economy, providing more than 17,000 direct and secondary jobs as well as nearly $100 million in direct and secondary state and local tax revenues. 

Exelon Generation’s parent is Exelon Corp. (NYSE: EXC), the nation’s leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.