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Ann: Financial Statements 30 June 2020, page-37

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ura_bull

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11/10/20

13:25

Post #: 48006053
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Originally posted by Sisyphus1 ↑

Hi fellow uranium investors.

what is your thoughts to that topic below? I didn't think we would ever go back to heigh CO2 emissions power plants rather than CO2 neutral energy.

Exelon, which operates the largest fleet of commercial reactors in the US, said its Byron and Dresden Nuclear Generation Stations would face early closure, while additional plants are at risk due to financial pressures in the market. These closures will result in the loss of four reactors “that together supply clean, zero-emissions energy to more than four million homes and businesses in northern Illinois”, quotes TradeTech.

Despite the plants' efficient and reliable operations, Exelon noted that Dresden and Byron face revenue shortfalls totalling “hundreds of millions of dollars” because of declining energy prices and market rules that allow fossil fuel plants to underbid clean resources in the PJM1 capacity auction.

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I think it's a bit of sabre rattling from them to get some concessions from the gov.

VMY Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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