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Exelon CEO warns Wall Street that Illinois nukes could close via Crain’s Chicago Business

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Exelon Corp. CEO Chris Crane said Thursday that three of its plants in the state are “financially challenged” and that the company is working with lawmakers to ensure nuclear power is included in any legislation that supports clean energy.

“We will not operate unprofitable or negative cash-flow plants,” Crane told analysts Thursday on the Chicago-based company’s second-quarter earnings call. He singled out the Braidwood, Byron and Dresden plants.

Illinois already passed legislation in 2016 granting $235 million a year for Exelon’s Quad Cities and Clinton nuclear plants. But a state bill introduced in February that calls for 100% renewable power by 2050 would exclude nuclear power. Ohio, New York, New Jersey and other states have also passed legislation to support reactors, which struggle to compete against cheap natural gas.

Exelon said in May it would proceed with plans to shut its Three Mile Island plant in Pennsylvania after lawmakers there failed to advance a bill to bail out reactors.

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