Senior decision-makers come together to connect around strategies and business trends affecting utilities.

Rakesh  Sharma's picture
Journalist Freelance Journalist

I am a New York-based freelance journalist interested in energy markets. I write about energy policy, trading markets, and energy management topics. You can see more of my writing...

  • Member since 2006
  • 1,011 items added with 681,689 views
  • Feb 26, 2021
  • 348 views

Texas continues to make headlines. The real story here, of course, is Exelon's split between its regulated utilities and nonregulated generation infrastructure. Having uneconomic generation assets, such as fossil fuel plants, on its balance sheet doesn't make sense when energy policy is headed towards renewables. Other utilities are also trying to get rid of their fossil fuel generation infrastructure. For example, Dominion Energy sold off its natural gas fleet to Warren Buffett's Berkshire Hathaway. Exelon is locked in a battle with Illinois over nuclear subsidies and had threatened to close four of its nuclear plants this year. The spin-off means that they will live on as a separate entity called SpinCo traded in public markets. Nuclear comprises 61% of Exelon's energy mix, according to data from its website and SpinCo will become America's biggest producer of carbon-free electricity, accounting for 12% of the overall figure. 

Rakesh  Sharma's picture
Thank Rakesh for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »