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PG&E Announces Proposal to Close Diablo Canyon Nuclear Power Plant by 2025

LCG, June 22, 2016--PG&E yesterday announced a Joint Proposal with labor and environmental organizations that would increase investment in energy efficiency, renewables and storage beyond current state mandates while phasing out PG&E's production of nuclear power in California by 2025. The Joint Proposal would replace power produced by two nuclear reactors at the Diablo Canyon Power Plant with energy efficiency, renewables and energy storage. The Joint Proposal includes a PG&E voluntary commitment to a 55 percent renewable energy target in 2031.

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Exelon Announces Early Retirement of Nearly 3,000 MW of Carbon-Free Nuclear Capacity

LCG, June 3, 2016--Exelon Corporation yesterday announced that it will close two nuclear plants in Illinois, given the lack of progress on Illinois energy legislation. The Clinton Power Station in Clinton will close on June 1, 2017, and the Quad Cities Generating Station in Cordova will close on June 1, 2018. The two plants have lost a combined $800 million in the past seven years, despite being two of Exelon's best-performing plants.

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Industry News

Gadsby Plant in Utah to Expand

LCG, Feb. 6, 2002--Growing demand for power in Utah caused the Utah Public Service Commission to approve an expansion of the Gadsby Power Plant, close to Salt Lake City.

Utah Power plans to begin work next week on an $80 million, 120-megawatt expansion of the gas-fired plant. The company wants to have the upgrade completed by summer, when demand should hit its annual peak.

The expansion of the existing plant was seen as the best way to avoid wholesale power price surges on the open market, and approved by Utah's Committee of Consumer Services as well as the Division of Public Utilities.

The PSC chairman, Stephen Mecham, noted that the cost of building the expansion is not guaranteed to be repaid through customer bills. He said, "when they go to recover the costs in a future rate case the company will have to show the costs it incurred were reasonable."
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