"FERC Rejects Ginna Rates, Orders Settlement Proceeding"

As reported by William Opalka in RTO Insider, "The Federal Energy Regulatory Commission on Tuesday rejected the rate schedule proposed for a struggling nuclear power plant needed for reliability in western New York and ordered hearing and settlement proceedings (ER15-1047)."

The R.E. Ginna atomic reactor, owned and operated by Exelon Nuclear of Chicago, is one of the very oldest still-operating in the U.S. It fired up in 1969. It is located in Ontario, New York, on the Lake Ontario shoreline.

Exelon's scheme for keeping Ginna operating -- despite losing tens of millions of dollars per year, for the past three years -- is to gouge ratepayers in Rochester, NY.