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Peco parent Exelon plans to separate into two firms: "Our customers expect us to continuously innovate."


Peco parent Exelon plans to separate into two firms: “Our customers expect us to continuously innovate.”
Andrew Maykuth, The Philadelphia Inquirer
© MICHAEL S. WIRTZ/The Philadelphia Inquirer/TNS
Exelon s Limerick Generating Station in Montgomery County. The power plant would be owned by a new generation company that Exelon announced Wednesday it was spinning off into a separate company.
Exelon Corp. announced Wednesday it plans to spin off its power-generation business from the company’s six utilities, including Peco, Atlantic City Electric and Delmarva Power.
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The Chicago company said the separation of the business units, a strategy adopted by PPL Corp. in Allentown and other utilities, is aimed at streamling operations and increasing shareholder value. ....

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New Mexico eyed for major nuclear waste storage facility


Michael Benanav / Searchlight New Mexico
and is republished here by permission.
For most New Mexico businesses, the arrival of COVID-19 wreaked havoc, caused shutdowns or threatened doom. But for one enterprise potentially one of the world’s largest nuclear waste sites the pandemic offered an unusual opportunity.
A long-planned nuclear waste storage facility in the southeastern New Mexico desert was rushed through the approval process during the pandemic, according to New Mexico’s congressional delegation, environmentalists and other opponents.
Typically, project foes would have been able to voice their disapproval at Nuclear Regulatory Commission hearings around the state. The coronavirus brought an end to such public gatherings, however, so New Mexico lawmakers asked the NRC to pause the hearings. ....

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