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Keyword: exelon

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  • UPDATED: Clinton(IL) nuclear plant to close in '17

    06/02/2016 10:25:43 AM PDT · by DUMBGRUNT · 19 replies
    news-gazette ^ | 2 June 2016 | Tom Kacich
    But its chief problem today, says Exelon, is that it can't be price competitive with other forms of electricity generation. The Clinton plant, Exelon says, has lost more than $453 million over the last six years, primarily because its costs to operate are greater than other power plants in the Midcontinent Independent System Operators region, which includes a lot of low-cost natural gas, wind and coal-fired power plants.
  • Cops: Lost couple cuts chain to enter nuclear plant property

    05/30/2016 4:38:22 PM PDT · by COBOL2Java · 79 replies
    WTOP News (Washington DC) ^ | 29 May 2016 | AP
    DELTA, Pa. (AP) — A couple who got lost in Pennsylvania while driving to New York entered the property of a nuclear plant by cutting a chain at a gate, apparently in a quest to get back on the right road, authorities said. The Chesapeake, Virginia, couple were driving from Baltimore on Friday night when they got onto an access road at the Peach Bottom Atomic Power Station, owned by Exelon. The driver told police he didn’t see two “No trespassing” signs when he cut the chain on the gate, The York Daily Record ( reported. Exelon spokeswoman Krista Merkel...
  • Exclusive: Nuclear Plant Guards Asleep On The Job

    09/25/2007 4:28:34 PM PDT · by Roberts · 11 replies · 215+ views ^ | 9/25/07 | Scott Weinberger
    CBS) PEACH BOTTOM TOWNSHIP, Pa. They're on duty and fast asleep, security guards that are supposed to be protecting a major terrorist target in the United States. CBS 2 HD's three-month investigation into the security gap at our nation's nuclear facilities yielded some shocking information and video, and now officials have told CBS 2 first that the contract with the major security firm that hired the guards will be terminated. The video shows the inside of the nation's largest nuclear facilities. There are images of security officers responsible for protecting the plant against a terrorist attack, an attack that could...
  • Nuclear Nightmare: As Terror Fears Spike, Power Plant Near Nation’s Capital Sits...

    09/09/2014 3:41:30 AM PDT · by markomalley · 31 replies
    The Daily Caller ^ | 9/8/2014 | Alex Pappas
    About 50 miles outside Washington D.C. is a nuclear power plant that sits on the western shore of the Chesapeake Bay. It’s the sort of place the government has warned is vulnerable to a terrorist attack.But an investigation conducted by The Daily Caller found that anybody can enter the property of the Calvert Cliffs Nuclear Power Plant, drive through the front gates, park not far from a nuclear reactor and have no contact of any kind with security.A reporter and videographer drove from the nation’s capital last Friday to Calvert Cliffs and twice accessed the power plant site. No one...
  • Ties to Obama Aided in Access for Big Utility

    08/24/2012 6:28:45 AM PDT · by jaydubya2 · 4 replies
    nytimes ^ | August 22, 2012 | ERIC LIPTON
    WASHINGTON — Early in the Obama administration, a lobbyist for the Illinois-based energy producer Exelon Corporation proudly called it “the president’s utility.” And it was not just because it delivers power to Barack Obama’s Hyde Park neighborhood in Chicago. ..... David Axelrod, Mr. Obama’s longtime political strategist, once worked as an Exelon consultant, and Rahm Emanuel, the Chicago mayor and Mr. Obama’s former chief of staff, helped create the company through a corporate merger in 2000 while working as an investment banker. With energy an increasingly pivotal issue for the Obama White House, a review of Exelon’s relationship with the...
  • DOE backs 3 more solar loans as deadline looms (Increase Update: 4 loans now @ $5 Billion)

    09/30/2011 1:38:57 PM PDT · by abb · 89 replies
    CBS News ^ | September 30, 2011 | Staff
    With a midnight deadline looming, the Energy Department has approved three more loan guarantees for solar energy totaling about $3.5 billion. Energy Secretary Steven Chu says the department has completed a $1.5 billion loan guarantee to Arizona-based First Solar Inc. for a 550-megawatt solar farm on federal land in Southern California and $646 million to Exelon Corp. for a 230-megawatt solar plant near Los Angeles. A third project, worth $1.4 billion, will support installation of about 750 solar rooftop panels in 28 states. snip
  • Where's Al Gore??

    05/19/2008 3:40:23 PM PDT · by MissEdie · 13 replies · 67+ views
    Washington Post | 5-19-08 | MissEdie
    Why NBC is "in the tank" for Barack Obama: The second largest company in the world is General Electric. GE owns NBC. It also builds nuclear power reactors. Is it any wonder then that NBC favored Obama from the start? According to the LA Times, “Obama is the largest beneficiary of money from companies that have a stake in nuclear energy’s future.” Are we surprised then that Tim Russert prematurely called Obama the Democratic nominee? Or that Russert allowed Obama to ramble on about how great nuclear power is on Meet the Press? Take a look at Obama's Exelon connection...
  • Deere (And Others) In The Headlights

    03/26/2010 5:06:50 PM PDT · by Kaslin · 27 replies · 1,286+ views ^ | March 26, 2010 | INVESTORS BUSINESS DAILY Staff
    Health Reform: As major businesses lay out the impact of ObamaCare in dollars and jobs, two things are clear: the costs will be enormous, and the president's vow to focus on "jobs, jobs, jobs" can no longer be believed. Early returns on ObamaCare are coming in, and they belie proponents' claims of job creation and cost reduction. The costs will increase. They are merely being shifted to the states and to America's businesses, large and small. AT&T, the country's largest telephone company, announced Friday it will take a $1 billion first-quarter charge related to the new health care law. The...
  • Energy Secretary Chu's War On Business

    10/12/2009 6:16:18 PM PDT · by Kaslin · 24 replies · 1,837+ views
    IBD Editorials ^ | October 12, 2009 | INVESTORS BUSINESS DAILY Staff
    Public Discourse: Our energy secretary applauds and encourages companies to leave the U.S. Chamber of Commerce over its position on climate change. Should any Cabinet secretary, with the powers of government behind him, be threatening U.S. companies? Part of the climate-change mantra is that the debate is over and the science is settled. Just to make sure, environmental groups have sought to pressure businesses to go green or at least keep silent. Now it would appear the whole weight of the federal government is being thrown behind this campaign to coerce and silence real and potential opposition. On Thursday, Steven...
  • Climate-change legislation helps a few big utility companies, but costs most Americans.

    10/02/2009 3:05:04 PM PDT · by Winged Hussar · 7 replies · 346+ views
    Wall Street Journal ^ | 10/02/09 | Kimberley Strassel
    An internal memo produced by Bernstein Research in June described how Mr. Rowe met with investors to rejoice that the House legislation will allow Exelon to rake in additional revenue—by some estimates, up to $1.5 billion a year. Others will pay for this Exelon privilege, of course—notably, Midwestern customers of traditional coal utilities who will see their energy prices double. But hey, all's fair in love and lobbying. ...Let's also not forget that Chicago-based Exelon and employees, including Mr. Rowe, contributed tens of thousands of dollars for their home-city presidential aspirant. And that Mr. Obama's senior adviser, David Axelrod, was...
  • Exelon to Cut Costs, Dropping 500 Jobs

    06/18/2009 8:41:38 AM PDT · by Kartographer · 4 replies · 366+ views
    WSJ Online ^ | 6/18/09 | MIKE BARRIS
    Exelon Corp. announced $350 million in cost-cutting measures, including the elimination of 500 support staff, as the utility battles economic challenges confronting the energy industry.
  • NRG rejects Exelon's takeover bid (Obama/Axelrod connection)

    11/10/2008 12:54:31 AM PST · by STARWISE · 7 replies · 555+ views
    Chicago Tribune ^ | 11-9-08 | Joshua Boak
    NRG Energy, Inc. rejected Sunday a $6.1 billion takeover bid by Exelon Corp., openly challenging whether the Chicago-based parent company of Commonwealth Edison could successfully manage what would have been the country's largest power generation company. Exelon made an unsolicited all-stock offer last month that valued NRG at a 37 percent premium, a figure that dipped to 9.4 percent by the close of the stock market Friday. The offer proved underwhelming to the board of directors at NRG, which unanimously turned down a merger it said "significantly undervalues" the Princeton, NJ-based company. ``Under your proposal, NRG shareholders would own only...
  • Obama Chief Strategist David Axelrod is a Lobbyist Connected to Ayers Family

    10/29/2008 10:21:42 PM PDT · by BIOCHEMKY · 37 replies · 2,171+ views
    October 29, 2008 | Biochemky
    As reported by Ed Morrissey (2008), two years ago when the large nuclear utility Commonwealth Edison (ComEd) wanted Illinois state lawmakers to back a large rate hike two years ago, it took a creative lobbying approach. Its parent company, Exelon Corporation, contracted with ASK Public Strategies, a consulting firm, to a build a fake "front company" that appeared to be devoted to the public interest called Consumers Organized for Reliable Electricity (CORE). Then the "front company" (CORE) ran TV ads warning of a “California-style energy crisis” if the rate increase wasn’t approved. The CORE ads, however, failed to disclose in...
  • "Mystery' man lends support to Obama": Draw yer own conclusions??

    10/19/2008 7:37:59 PM PDT · by dascallie · 4 replies · 1,699+ views
    'Mystery' man lends support to Obama He's the star of bulletins chronicling Barack Obama's movements, one of only a few non-relatives to consistently get time with the Democratic candidate for president and a trusted confidant who has shared some of the most pivotal moments of Obama's career with him. Yet journalists who have followed Obama's campaign for the better part of two years don't know what he looks like, staffers who have logged countless hours traveling with Team Obama didn't even know he works for the campaign and there's never been a story in a major media outlet about him....
  • Exelon CEO calls for consensus on climate change (Obama's Nuclear Strategy)

    02/12/2008 11:06:00 PM PST · by red flanker · 10 replies · 124+ views
    Chicago Business ^ | February 12, 2003 | Paul Merrion
    (Crain’s) — Calling for a political consensus on global warming, Exelon Corp. CEO John Rowe says fixing the problem will require the power industry to invest at least $400 billion in new generating facilities and win greater public acceptance of new power plants, including nuclear ones. “The real ‘inconvenient truth’ of climate change is that addressing it won’t be cheap,” Mr. Rowe, referring to former Vice-president Al Gore’s film about global warming, said Tuesday in a speech billed as a “major policy address” at the Brookings Institution, a think tank in Washington, D.C. He expressed support for legislation pending on...
  • Clinton Accuses Obama of Cutting Deals With Contributor

    02/12/2008 3:50:26 PM PST · by COUNTrecount · 23 replies · 30+ views
    ABC News ^ | Feb. 11, 2008 | ELOISE HARPER and TAHMAN BRADLEY
    Sen. Hillary Clinton accused Democratic presidential rival Barack Obama of suspicious activity with a contributor after being asked in an interview today with ABC's Washington, D.C., affiliate WJLA, why she hasn't disclosed her income tax returns. "Sen. Obama has some questions to answer about his dealings with one of his largest contributors Exelon, a big nuclear power company; apparently he cut some deals behind closed doors to protect them from full disclosure of the nuclear industry," she said. Clinton defended her position not to disclose her income tax returns. "I have said that I will release my tax returns when...
  • Proposed sites narrowed for nuclear plant (Mississippi, Alabama)

    09/22/2005 10:01:41 AM PDT · by NormsRevenge · 30 replies · 548+ views
    ap on Yahoo ^ | 9/22/05 | H. Josef Hebert - ap
    WASHINGTON - A consortium of utilities narrowed the potential locations for what could be the first nuclear power plant built in the United States in more than three decades. The group chose sites of existing nuclear power plants in Mississippi and Alabama. The consortium emphasized that no decision had yet been made on whether to seek a license for a new plant from the Nuclear Regulatory Commission. The group is developing an application for advanced approval of the two sites, which would allow for quicker completion of the project if a go ahead is given. The group decided the new...
  • WSJ: Kyoto's 'Capitalists' -- Big business becomes a lobby for CO2 regulation.

    12/13/2004 5:14:48 AM PST · by OESY · 6 replies · 459+ views
    Wall Street Journal ^ | December 13, 2004 | Editorial
    ...The Kyoto idea is 10 years old now, and no better for its age. The U.S. wisely chose to forgo the pact, as the long- term costs add up to hundreds of billions a year across the world economy, not to mention untold lost economic opportunities. The energy industry has heretofore backed this U.S. decision, noting that even Kyoto's defenders have admitted the pact wouldn't slow climate change.... What's changed the industry's tune at the broadest level may be the Bush Administration's Clear Skies program, a smart pollution-reduction proposal that may pass Congress next year. That program, about to be...
  • Nominal Benefits Seen in Drugs for Alzheimer's

    04/07/2004 10:08:36 PM PDT · by neverdem · 14 replies · 554+ views
    NY TIMES ^ | April 7, 2004 | DENISE GRADY
    The drugs now available to treat the memory and thinking problems of Alzheimer's disease have not lived up to the public's high expectations for them and offer such modest benefits on average that many doctors are unsure about whether to prescribe them. Although the drugs have their advocates, grateful for any sign of improvement, others express disappointment in light of earlier hopes that the drugs approved in the last decade would stop the disease or markedly slow it. At a meeting in late March at Johns Hopkins University, doctors and other health professionals heard Alzheimer's researchers debate the usefulness of...

    09/29/2003 4:57:54 AM PDT · by MeneMeneTekelUpharsin · 4 replies · 209+ views
    The Houston Chronicle ^ | 26 September 2003
    HOUSTON--(BUSINESS WIRE)--Sept. 26, 2003--Dynegy Inc. (NYSE:DYN) today announced that it is engaged in exclusive discussions with Exelon Corp. (NYSE:EXC) related to a possible sale of Illinois Power Company, Dynegy's regulated energy delivery business. Any transaction between the parties would be subject to satisfactory completion of Exelon's due diligence, negotiation of final terms and structure, negotiation and execution of definitive agreements, receipt of board of directors and required regulatory approvals and other conditions. Dynegy does not anticipate making any further announcement about this potential transaction until a definitive agreement is reached or discussions are terminated. Dynegy Inc. provides electricity, natural gas...
  • Some Companies Back Michigan's Affirmative Action Policy

    01/28/2003 7:00:05 PM PST · by GeneD · 11 replies · 350+ views
    The New York Times ^ | 01/28/2003 (for editions of 01/29/2003) | Jonathan D. Glater
    Some of the country's biggest corporations, concerned about their ability to recruit women and minority applicants, are supporting the University of Michigan in its court battle to preserve affirmative action in opposition to the Bush administration. Dozens of companies, including 3M, Microsoft, Bank One, Steelcase, PepsiCo and Exelon, plan to tell the Supreme Court that universities should be allowed to consider race as a factor in admissions. In the lower court cases against the university, more than 30 companies argued that diversity in college was essential because future employees need the experience of working with people from different backgrounds. Though...