NRC Votes to Approve Early Site Permit for Clinton Site

Exelon has no plan to build a new nuclear plant at location in near future

Mar 08, 2007, 00:00 ET from Exelon Nuclear

    CLINTON, Ill., March 8 /PRNewswire-FirstCall/ -- The Nuclear Regulatory
 Commission today voted to approve an Early Site Permit (ESP) for Exelon
 Generation Company, LLC.
     Exelon is now waiting for the NRC staff to issue the permit, which must
 occur within 10 days of the commission's vote. If granted, Exelon would be
 the first company to receive an early site permit under a never before used
 licensing process.
     The ESP resolves with finality certain environmental, site suitability
 and emergency planning issues with regard to the possible construction and
 operation of a new nuclear plant next to the Clinton Power Station in
 Clinton, Ill. Exelon has not decided to move forward with building a new
 nuclear plant.
     "This is the last major hurdle in the process. We are very pleased with
 how the early site permit process has progressed," said Marilyn Kray,
 Exelon Nuclear Vice President of Project Manager, who has led this effort
 for the company since it began in 2002.
     The 20-year permit allows Exelon to "bank" a site for a possible power
 plant; however, it does not authorize construction of a new plant. Should
 the company decide to build a power plant, it would need to apply for a
 combined operating license.
     "Certain conditions would have to fall into place before Exelon would
 consider building a plant: a workable solution to the spent fuel disposal
 problem; community acceptance; the right reactor technology; and the
 economics must be favorable," Kray said.
     Exelon Generation was the first company to submit an application for an
 early site permit.
     Exelon Corporation (NYSE:   EXC) is one of the nation's largest electric
 utilities with more than $15 billion in annual revenues. The company has
 one of the industry's largest portfolios of electricity generation
 capacity, with a nationwide reach and strong positions in the Midwest and
 Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million
 customers in northern Illinois and Pennsylvania and natural gas to
 approximately 480,000 customers in the Philadelphia area. Exelon is
 headquartered in Chicago and trades on the NYSE under the ticker EXC.

SOURCE Exelon Nuclear