5 Stories

Site of US' Worst Nuke Meltdown Would Like a Bailout

Owner of Three Mile Island says it will shut plant down in 2019 without a rescue

(Newser) - The owner of Three Mile Island, site of the worst US commercial nuclear power accident, says it'll shut the plant in 2019 without a financial rescue from Pennsylvania. Exelon Corp.'s move comes after what it called more than five years of losses on the single-unit power plant... More »

As US Electricity Use Stalls, Utilities Scramble

Household use to expand just 0.7% per year: feds

(Newser) - Sure, you're attached at the hip to your iPad and like to crank your air conditioner, but electricity guzzling isn't what it used to be in the US. In the middle of the 20th century, electricity use grew about 8% yearly; now, it's set to expand just... More »

Chicago Energy Firm Has 'Direct Line' to White House

Company co-founded by Rahm Emanuel enjoyed much access

(Newser) - In Chicago, Exelon Corporation powered Barack Obama's neighborhood. Now, in Washington, Obama's administration is powering Exelon. The company has a plethora of ties to the administration—it was co-founded by Rahm Emanuel and David Axelrod used to consult for it, among others—so it's had easy access... More »

Lax Nuclear Oversight Will Cost US Someday: Critics

Civil penalties by NRC plunge as industry lobbying increases

(Newser) - When corrosion thinned the pipes that circulate cooling water in Exelon Corporation's nuclear reactors outside Chicago, the company had a simple solution—it kept lowering the minimum thickness it considered safe. The Nuclear Regulatory Commission did not notice for eight years, and when it did discover the safety violation—... More »

Markets Rise as Credit Eases

Volatility probably ahead; oil prices up, too

(Newser) - Stocks rose at the open today, as investors saw signs the credit markets are easing, the Wall Street Journal reports. The Dow rose 104 points, while the Nasdaq and S&P saw modest 1.5% and 1.2% bumps, respectively. Stocks in Europe and Asia generally rose as well. We... More »

5 Stories