SOURCE: Industrial Info Resources

Industrial Info Resources

May 11, 2011 06:20 ET

ELECTRIC POWER 2011: Japan Nuclear Crisis, Low Natural Gas Prices Drive Generation Decisions, an Industrial Info News Alert

CHICAGO, IL--(Marketwire - May 11, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Federal "cap & trade" legislation may be dead, and carbon taxes may be on life support, but that does not make coal-fired generation more attractive, according to panelists at the executive roundtable at the 13th Annual ELECTRIC POWER 2011 Conference & Exhibition in Chicago on May 10. In fact, the panelists said they plan to close 24 coal-fired units in the coming years.

Exelon Corporation (NYSE:EXC) (Chicago, Illinois) plans to close four coal-fired units as part of its effort to eliminate its carbon footprint by 2020, Ruth Ann Gillis, an executive vice president at Exelon, told the ELECTRIC POWER attendees.

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