Exelon Subsidy Could Hit $1 Billion in Illinois Energy Bill (1)

Exelon Corp. is positioned to receive as much as $1 billion over a five-year period for two of its nuclear power locations as part of ongoing talks to complete major energy legislation in Illinois, according to four sources familiar with the negotiations.

Subsidies for a two-unit, 2,347-megawatt station near Byron, Ill. and a two-unit, 1,845-megawatt Dresden generating station in Morris, Ill. are one component of larger, complex negotiations among environmental groups, state lawmakers, Illinois Gov. J.B. Pritzker (D), and several utilities to revise the state’s energy policies.

Support for the facilities could be determined by the ...