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Exelon Pushes for Subsidies Using Threat to Shut Nuclear Plants

June 3, 2021, 2:43 PM

Exelon Corp. is ramping up pressure on Illinois lawmakers to bail out two more of its nuclear plants after prices plunged in a key power auction.

The U.S. utility owner says its LaSalle and Braidwood plants in Illinois “face premature retirement” in 2023 unless the state implements subsidies, according to a filing Thursday. Such a move would follow Exelon’s plan to shut two other reactors in the Midwest state this year. The Chicago-based company has six operating nuclear plants in Illinois.

Exelon’s decision comes as Illinois lawmakers debate whether to offer subsidies to nuclear plants. The state’s legislative session ended ...