Exelon Generations said this week that they had made its intentions to close the Clinton and Quad Cities nuclear stations in 2017 and 2018, respectively, official, informing the Nuclear Regulatory Commission of its plans to retire the three reactors at the two plants.
Exelon made their intentions public earlier this month, noting the lack of progress on Illinois state energy legislation. The Clinton Power Station in Clinton, Ill, is now scheduled to close June 1, 2017, while the Quad Cities Generating Station in Cordova, Ill., is to close June 1, 2018.
Exelon President and Chief Executive Officer Chris Crane said the company had worked for more than two years to find a solution that would reverse the financial futures of the two plants, which have lost a combined $800 million in the past seven years, despite being two of the companies best-performing plants.
The steady job losses with the closures numbers 1,500, including 800 at Quad Cities and 700 at Clinton. The economic impact of the closures is far reaching, with an estimated 4,200 additional jobs directly or indirectly affected and more than $1.2 billion in economic activity lost.