Dear friend, The largest nuclear power company in the country--Exelon--now wants to get out of the nuclear energy business. This ought to be a great day, right? But here’s the problem: Exelon isn’t proposing to shut its reactors down and replace them with renewable energy, as it should. Instead, it is pushing one of the largest, most dangerous corporate schemes in history: to “spin-off” its fleet of 23 aging, uneconomical reactors to a completely new, totally separate company currently called “SpinCo”. ACT NOW: Say NO to Exelon's dangerous nuclear spin-off scheme! This new company will be under even greater pressure to cut costs on nuclear safety while operating a fleet of aging, embrittled reactors. And it will put five states and dozens of communities at greater risk of meltdowns and abandoned, radioactive sites when the reactors close down.
Exelon is proposing this spin-off because it no longer sees a future in nuclear power. It is increasingly risky and uneconomical. So Exelon has decided to get rid of its nuclear power plants because no other company sees a future in them either. Transferring them to a new corporation that will only own 23 uneconomical reactors places us all at immense risk.
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