Exelon announces results of 2016-17 PJM transition auction for Illinois nuclear plants

Exelon announces results of 2016-17 PJM transition auction for Illinois nuclear plants

Exelon Corporation has announced that all their Illinois nuclear plants cleared the PJM transition capacity auction for the 2016-17 planning year.  Auction results take effect June 2016.

It’s the first of two transitional auctions PJM is holding to supplement its prior base capacity auctions with the new capacity performance product, designed to strengthen electric grid reliability.

The Federal Energy Regulatory Commission (FERC) ordered new capacity auction rules aimed at enticing generators to invest in their plants, ensuring they are reliable during extreme weather events and have sufficient supplies on hand.

Exelon spends nearly $1 billion annually on its nuclear plants, adding the latest technologies to keep them safely and reliably operational.

“We continue to be encouraged by these auction results, which along with EPA’s Clean Power plan, begin to properly value nuclear power for their reliability and low-carbon benefits,” said Chris Crane, Exelon president and CEO. “These auction results, as well as other factors, will come into play as we analyze the current and expected economics of each of our plants.”

Grid operator PJM holds annual capacity auctions to ensure enough power generation resources are available to meet demand in 13 states and the District of Columbia.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...