Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

Illinois governor signs energy bill to help Exelon nuclear plants

Commodities | Energy | Electric Power | Renewables | Natural Gas

Hydrogen: Beyond the Hype

Electric Power

Platts Market Data – Electric Power

Capital Markets | Commodities | Electric Power | Natural Gas

Mexican Energy Conference, 24th

Coal | Emissions | Electric Power | Nuclear | Renewables

Stakeholders debate N.J. participation in PJM capacity market

Illinois governor signs energy bill to help Exelon nuclear plants


Illinois Governor Bruce Rauner signed into law Wednesday energy legislation that would provide support for Exelon's economically struggling nuclear power plants in the state.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The legislation, SB 2814, the Future Energy Jobs Bill, was passed by the Illinois General Assembly late December 1 in the final hours of its annual session.

Among other things, the law provides zero-emission credits, or ZECs, for nuclear-generated electricity consumed in Illinois, similar to a program being pursued in New York that Exelon has said would benefit its nuclear plants there. The company had said it would close its Clinton and Quad Cities nuclear power plants in Illinois, with a combined capacity of about 3,000 MW, if the legislation were not enacted by December because the plants have lost more than $800 million in the last seven years.

The legislation signed Wednesday provides up to $235 million annually in ZEC support to the plants for 10 years, subject to certain conditions.

Exelon said in a statement Wednesday that Clinton and Quad Cities "are now planned to operate for at least another 10 years as a result of the legislation."

In addition to Exelon, the bill was supported by some other energy companies and environmental groups as needed to preserve jobs and energy supply reliability. Exelon said the legislation would limit future increases in electric rates, preserve more than 4,200 jobs at the nuclear plants and create billions of dollars in economic activity in Illinois.

The bill was opposed by some other energy companies, as well as some environmental and consumer groups, as an unnecessary bailout of Exelon, which remains profitable despite the losses at Clinton and Quad Cities. AARP Illinois State Director Bob Gallo said in a statement December 1 that the legislation "will send monthly consumer bills through the roof for the next 25 years, will impose massive cuts to low-income energy assistance programs, and even though it will supposedly save the jobs at the nuclear plants, down the road it will cost Illinois an additional 44,000 jobs."

Rauner, a Republican, said in a statement Wednesday: "When this legislation was originally drafted, it was a Christmas tree loaded with special interest goodies that would have skyrocketed energy costs ... While this legislation isn't perfect, it allows us to protect jobs, ratepayers and taxpayers."

--Steven Dolley,

--Edited by Richard Rubin,