Dive Summary:
- A day after France’s EDF announced it would pass on its holdings in the Constellation Energy Nuclear Group to Exelon, Exelon’s CEO reassured analysts of the company’s commitment to nuclear power.
- Exelon CEO Christopher Crane said Wednesday that weak power and natural gas prices have forced the company to reduce operating and maintenance costs, but the company won’t give up reactors anytime soon.
- "There is nothing on the chopping block right now. It is constant work to look at cost. It is constant work to look at regulatory structure and if it does not improve we will be talking more about those facilities,” Crane said.
From the article:
"After integrating the Constellation plants, Exelon said it will operate 22 reactors at 13 locations in Illinois, Pennsylvania, New York, New Jersey and Maryland with a total generating capacity of 19,165 MW and more than 11,000 workers."