The Illinois Senate is expected to vote on a wide-ranging energy bill on Monday that contains incentives to prevent Exelon Corp from shutting three nuclear power plants just hours before the company threatened to close the first one.
The bill contains nearly $700 million over five years in carbon mitigation credits for the three plants, which were built more than 40 years ago. Exelon
"We don't anticipate any problems" passing the legislation, said John Patterson, a spokesperson for Senate President Don Harmon, a Democrat. "President Harmon will be voting 'Yes.'" The bill passed last week in the House after a compromise deal on coal plant closures approved by both environmentalists and labor groups.It requires the closure of private coal-fired plants by 2030. Municipal coal plants are required to cut carbon emissions 45% by 2035 and reduce emissions to zero or close by 2045.
The United States leads the world with 93 nuclear reactors, but that is down from 104 in 2012 as aging plants struggle to compete with renewable power and natural gas plants.
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