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Exelon

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Columbia Energy Exchange: Exelon’s Chris Crane

August 9, 2016

Electric power companies across the U.S. are going through a period of unprecedented change. Low-cost natural gas, new technology, rapid expansion of renewables, and initiatives to reduce carbon emissions are some of the major factors shaking up the electricity sector. Moreover, for some power companies, keeping their nuclear power plants alive is another big challenge. On this episode of Columbia Energy Exchange, we welcome Chris Crane, the president and CEO of Exelon Corp., a Fortune 100 energy company with the most utility customers in the U.S., and the nation’s leading operator of nuclear reactors. Crane talks with host Bill Loveless about the ways in which he is piloting his company through this transformation. And on a timely note, they discuss a new clean energy standard in New York that would keep some nuclear power plants alive. (Listen here)

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by Bill Loveless
Article, Climate, Energy

Nuclear power gets a boost in New York

August 2, 2016

The struggling U.S. nuclear industry enjoyed a boost this week as New York regulators agreed to a clean energy standard that puts reactors on the same footing as solar, wind and other forms of renewable energy. But only time will tell if it marks the start of a trend. The decision by the New York Public Service Commission will require the state to meet half of its electricity needs with “renewable sources” by 2030, including three nuclear power plants at risk of shutting down, as part of a strategy to cut greenhouse gas emissions by 40% by that year. (Read More)

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by Bill Loveless
Article, Corporations, Economy / Finance

Loveless: $6.8B Pepco-Exelon deal took a toll

April 4, 2016

Having just completed a $6.8 billion acquisition, Exelon CEO Chris Crane is as convinced as ever that consolidation is critical to electric power companies in the U.S. But he’s not in a hurry to make another deal. “If you look at the last few (utility) deals since we announced ours, the premiums are getting very high. So you have to be very prudent and diligent about further acquisitions in this environment,” Crane said Monday. “So, we’ll just focus on what we have right now.” What Crane has now is a new addition to Exelon, Pepco Holdings, which provides electricity to 2.2 million customers in Maryland, Delaware, New Jersey and the District of Columbia. (Read more)

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by Bill Loveless