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Exelon CEO: No grid emergency to justify DOE coal, nuke bailout
Utility Dive: Exelon owns all or part of 16 nuclear plants across the Eastern U.S. and could benefit significantly from any federal plan to save them and coal generators from retirement. The company is currently closing down one nuclear plant in the PJM market and said last month that three others failed to clear the grid operator's latest capacity auction.
Even so, Crane said he would not like to see the Department of Energy enact emergency cost recovery or subsidies for generators under threat of closure.
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