IL Nukes Extended for 20 Years

Monday, February 1, 2016 @ 02:02 PM gHale

Licenses for the Braidwood Generating Station in Braceville, IL, ended up extended for an additional 20 years, through 2046 for Unit 1 and 2047 for Unit 2, Exelon Generation officials said.

The nuclear plants, which have been operating since July 1987 and May 1988, have an estimated $1.7 billion in annual economic impact, according to a 2014 report of the Nuclear Energy Institute.

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That includes $89.4 million payroll for 864 employees, the majority of whom live in Will and Grundy counties, according to a 2014 report of the Nuclear Energy Institute. They also support about 5,000 direct and secondary jobs in Illinois including several hundred temporary employees during refuelings.

The licenses originally granted by the Nuclear Regulatory Commission (NRC) were good until 2026 and 2027, respectfully.

“Today’s announcement is great news for the state and regional economy,” said site vice president Marri Marchionda-Palmer. “In addition to the vast economic impact, it also allows us to continue producing safe, reliable, carbon-free electricity for the state of Illinois for decades to come.”

Braidwood Mayor James Vehrs said the nuclear plants have been “a large part of the economic and social growth of our city,” providing job growth, community stability and steady tax support of education and other local services.

“Their positive impact will serve us well for many years to come. Exelon and the Braidwood Generating Station continue to be both great neighbors and fantastic partners, helping the city as we continue to prosper and grow,” Vehrs said.