Coal-dependent power companies from American Electric Power Co. to Duke Energy Corp. face billions of dollars in added costs from the Obama administration’s proposed climate rules. Renewable-energy backers and nuclear generators like Exelon Corp. stand to gain from the effort to shift the foundations of the U.S. energy industry.
President Barack Obama proposed cuts in greenhouse-gas emissions from the nation’s power plants by an average of 30 percent from 2005 levels, a central part of his plan to fight climate change that also carries political risk.
Exelon Corp., the largest U.S. nuclear power producer, may begin to see its low-emissions strategy pay off -- four years after it lost a fight for climate legislation it told investors would add $1.1 billion in annual earnings.
The future of President Barack Obama ’s plans to redesign the U.S. energy system with low- emission nuclear plants may hinge on reactors across the Pacific Ocean as Japan’s nuclear disaster renews a debate about the safety of plants.