Excelon
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Mon Feb 02, 2009 at 06:58:54 AM EST
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At least things seemed to work the way they were supposed to:Exelon Nuclear says the fire was in one of the Oyster Creek nuclear plant's two main transformers.
The company says the unit automatically shut down and there was no threat to the public. No one was injured.
Plant operators declared an unusual event at 10:11 p.m. Sunday. The company says the fire was extinguished 16 minutes later and the event ended at 11:37 p.m. Two months ago, the plant was shut down because of an electrical problem. In that case too, the automatic shut down worked as planned. The plant's license expires this April and Excelon has been trying to renew it with the Nuclear Regulatory commission for another twenty years. I can't imagine this is what they wanted as a lead in to the decision.
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Tue Aug 01, 2006 at 07:38:06 PM EDT
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The Chairman of Excelon Corp is tired of waiting for the Board of Public Utilities(BPU) to approve its merger with PSE&G. He's decided to issue an ultimatum according to today's Courier Post...Calling negotiations between Exelon and PSEG "long and painful," John W. Rowe, chairman, president and CEO of Exelon Corp., Monday gave the New Jersey Board of Public Utilities an ultimatum: Take our very generous offer within the "next week or so," or leave it. He went on to say..."We have to be wanted here. We know we can't badger or bluff our way in." On the other hand, the CEO added, there comes a time "when the fruit start to rot on the tree."
Below the fold you can see what else they added to sweeten the pot on their "Very Generous offer", but i still don't think this is a good deal for NJ ratepayers. You want to talk about a monopoly, this new company will be the nation's largest utility company with 7 million electric and 2 million natural gas customers in New Jersey, Pennsylvania and Illinois. If you think the merger is a good idea, tell me why because i have my doubts.
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