"Exelon has canceled plans for power uprates at four of its nuclear power reactors in Illinois and Pennsylvania, the company has told the US Securities and Exchange Commission."
"Exelon decided to cancel uprates for its Limerick reactors in Pennsylvania and its LaSalle reactors in Illinois 'based on market conditions,' the company said in a late Tuesday filing.
The company plans take an impairment of about $100 million in the second quarter for 'the costs for these projects currently capitalized in property, plant and equipment,' Exelon said in its filing."
Platts had the story June 12, 2013.
SEE ALSO:
"Why Exelon Is Lobbying Against The Production Tax Credit" (Climate Progress)
"Nuclear Power: Exelon Blames 'Subsidized' Wind, Markets for Derailing Projects" (Greenwire)
"Nuclear Power: Still Not Viable Without Subsidies" (Union of Concerned Scientists)
"NRC Wants System Replaced at Limerick Nuclear Plant" (Chester Co. Daily Local News)
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