Throwing it back: Calvin Butler told Bloomberg that he’s asking officials in deregulated markets (IL, PA, MD, and NJ) to rewrite their rules and enable the utility to own power facilities. Exelon wants to build out gas plants, battery storage, and solar farms in these states (its generation arm, Constellation Energy, split off in 2022).
Not fair: Butler claimed that IPPs sell energy at higher prices, and customers are eating the costs. But these regulatory shifts could also cost ratepayers once new generation gets added to the rate base.
Molly Glick
Energy Central Team
Thu, Jun 25