Electric power companies across the U.S. are going through a period of unprecedented change. Low-cost natural gas, new technology, rapid expansion of renewables, and initiatives to reduce carbon emissions are some of the major factors shaking up the electricity sector. Moreover, for some power companies, keeping their nuclear power plants alive is another big challenge.
On this episode of Columbia Energy Exchange, we welcome Chris Crane, the president and CEO of Exelon Corp., a Fortune 100 energy company with the most utility customers in the U.S., and the nation’s leading operator of nuclear reactors.
Crane talks with host Bill Loveless about the ways in which he is piloting his company through this transformation. And on a timely note, they discuss a new clean energy standard in New York that would keep Exelon's nuclear plants in the Empire State running, and perhaps set a standard for other states to follow. Other topics include:
- How Exelon distinguishes between trends and fads in a changing market;
- Whether more acquisitions of regulated utility companies are on Exelon’s agenda;
- The future of Exelon’s nuclear fleet and what it would take for Exelon to build another nuclear plant;
- Efforts by state regulators to balance the interests of rooftop solar homes and power companies;
- And many more.