Transfer of Ownership To Exelon
After less than a decade of operation the plant's original owner, Illinois Power, had to close it in 1996 following some technical problems. Having deduced that it was not economical to own and operate only one nuclear generating station in the newly deregulated market, they kept it shut down during around 3 years whilst looking for an interested buyer. Exelon Corporation bought it for a more modest price of $40 million dollars, with the purchase including the fuel in the reactor vessel and responsibility of all the radioactive waste in the spent fuel storage pool. The Operator and Owner is the Exelon Corporation.
Soon after acquiring the power plant, Exelon made in 2001 a request to uprate its power by 20%, from 2894 MWt to 3473 MWt, resulting in an increase of 193 MWe, the largest approved by the NRC until 2012.
Read more about this topic: Clinton Nuclear Generating Station
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