Exelon Seen Keeping Two Illinois Nuclear Plants Open

8/30/20

By Carl Surran, SA

Analysts say Exelon (NASDAQ:EXC) likely will strike a deal to keep two Illinois nuclear power plants running even though the company announced plans to close them next year because of poor economics.

In announcing the planned closures of the Byron and Dresden plants, Exelon blamed market rules it said favor plants fired by coal and natural gas over carbon-free nuclear energy.

Exelon is using "hardball" tactics, says Height Commentary's Josh Price, but he expects the plants to remain open.

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