"Exelon plans cost cuts, won't rule out layoffs"

As reported by the Chicago Tribune, Illinois-based Exelon Nuclear has warned its employees that layoffs may lie ahead, as five atomic reactors in the state continue to hemorrhage money.

Exelon has been buffeted recently. The Washington, D.C. Public Service Commission (PSC) rejected Exelon's proposed takeover of Mid-Atlantic utility Pepco. The PJM capacity auction left Exelon reactors in three states in the lurch. The U.S. Environmental Protection Agency's Clean Power Plan did not give nuclear lobbyists, especially at Exelon, what they wanted. And the Illinois State Legislature went on summer recess on May 31st, without giving Exelon the $1.5 billion bailout it requested, at ratepayer expense, to prop up its uncompetitive reactors.

During testimony under oath before the DC PSC, Exelon Nuclear CEO Chris Crane, who wrote the memo that prompted the Chicago Tribune article above, also indicated that should Exelon takeover Pepco, job cuts at Pepco will follow. Exelon and Pepco have made known they plan to appeal the DC PSC's rejection by the 30-day deadline.

"Protests greet FirstEnergy rate request hearings"

Photo compliments of Ohio Sierra Club Nuclear-Free CommitteeJim Provance, Columbus Bureau Chief for the Toledo Blade, has reported on "Protests greet FirstEnergy rate request hearings."

The protest took place at the HQ of PUCO, the Public Utilities Commission of Ohio, in the state capital, Columbus. It marked the beginning of weeks of formal hearings, where PUCO will consider FirstEnergy's requested ratepayer bailout, including to prop up its dirty, dangerous, expensive, age-degraded, and uncompetitive Davis-Besse atomic reactor near Toledo on the Lake Erie shoreline.

Speakers included Harvey Wasserman of Solartopia fame, Bob Fitrakis of Columbus Free Press, Neil Waggoner of Sierra Club's Beyond Coal Campaign, and Pat Marida of Ohio Sierra Club Nuclear-Free Committee (who posted photos, including the one to the left). More.