FERC Renews Conowingo Dam’s Operating License, Preserving Maryland’s Largest Source of Renewable Energy
- Global stocks eye new high on growth hopes, oil ebbs on COVID-19 fears
- Oil extends losses on U.S. stock build, pandemic concerns
- Cathie Wood's ARK Buys Over 5M Shares of Skillz (SKLZ), Nearly 3M Shares of IPO UiPath (PATH)
- Credit Suisse (CS) Falls 6% on 'Unacceptable Loss' as Exposure to Archegos Grew to More Than $20 Billion, Set to Raise Over $2 Billion to Support Liquidity
- Chipotle Mexican Grill (CMG) Tops Q1 Profit Views, Analysts Maintain Bullishness For 2021
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
With a new 50-year operating license in hand, Exelon Generation can now move forward with up to $700 million in planned investments to enhance aquatic life, water quality and environmental stewardship
DARLINGTON, Md.--(BUSINESS WIRE)-- Yesterday, Exelon Generation’s Conowingo Dam received a 50-year operating license from a unanimous Federal Energy Regulatory Commission. The license is a critical step forward for Chesapeake Bay restoration efforts and paves the way for long-term investments that will enhance water quality, fish and eel passage, aquatic habitats and debris removal. It also enables the continued operation of Maryland’s largest source of renewable energy, which generates safe, reliable power for tens of thousands of Maryland families and businesses.
“This license renewal is a big win for Maryland’s environment and economy, paving the way for up to $700 million in improvements that will benefit Chesapeake Bay water quality and aquatic life,” said Bryan Hanson, executive vice president and chief generation officer. “As a result, the Conowingo Dam will continue to help Maryland achieve its long-term renewable and clean energy goals, combatting air pollution and helping preserve the Bay for another half-century.”
The benefits from the new license conditions include changes in the flow regime that will enhance habitat for aquatic species like American shad and river herring, and submerged aquatic vegetation, which trap sediment and remove pollution. Benefits also include new programs for mussel restoration, fish and eel-passage, turtle management and waterfowl-nesting. Exelon will also continue its investments to address the accumulation of trash and debris that float down from New York and Pennsylvania, as well as shoreline-management and stream flow regime changes.
“As Conowingo Dam employees, we take pride in knowing that we have provided clean energy to our region for over 90 years and will continue to make this state a better place to live,” said Conowingo Dam Plant Manager, Dusty McKeown. “This new license will further our efforts to protect and preserve the Chesapeake Bay and allow future generations of Marylanders to enjoy the many benefits of the dam for the next half-century.”
About Exelon Generation
Exelon Generation, a subsidiary of Exelon Corporation (Nasdaq: EXC), is the nation’s largest producer of carbon-free energy, powering more than 20 million homes and businesses through a diverse generation fleet with more than 30,000 megawatts of capacity. Exelon Generation operates the largest U.S. fleet of zero-carbon nuclear plants with more than 18,700 megawatts from 21 reactors at 12 facilities in Illinois, Maryland, New York, and Pennsylvania. It also operates a diverse mix of wind, solar, hydroelectric, natural gas, and oil facilities in 19 states with approximately 12,000 megawatts. Exelon Generation sets the standard for world-class power plant operations that produce clean, safe, reliable electricity, and is an active partner and economic engine in the communities it serves by providing jobs, charitable contributions and tax payments that help towns and regions grow. Follow Exelon Generation on Twitter @ExelonGen, view the Exelon Generation YouTube channel or visit exeloncorp.com.
Sr. Manager, Exelon Generation Communications
Source: Exelon Generation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICE launches Micro Asia Tech 30 Index Futures contracts
- Radius Health Business Update
- Funnel Announces Integration with CheckpointID to Ensure Renter and Resident Safety and Reduce Fraud
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!