Facebook’s parent extends 20-year lifeline to Central Illinois nuclear power plant
CLINTON, IL (25News Now) — A Central Illinois nuclear power plant’s life will be extended at least 20 years after the plant’s owner signed a deal providing power to Facebook’s parent company.
The agreement between Meta and Constellation Energy Illinois will expand the output of the Clinton Clean Energy Center by 30 megawatts, preserve 1,100 local jobs and bring in $13.5 million in annual tax revenue, both companies said.
Meta said it reached the deal to meet surging electric demand for artificial intelligence (AI) and other computing needs.
“As we look toward our future energy needs in advancing AI, we recognize the immense value of nuclear power in providing reliable, firm electricity, and the role nuclear projects can have in supporting local economies and strengthening America’s energy leadership,” Meta said in a release.
The Clinton facility was scheduled for premature closure in 2017 after years of financial losses. However, the state government kept the plant open by establishing Zero Emission Credits to keep the facility operating through mid-2027. Constellation and Meta said their agreement is a market-based solution essentially replacing the tax credits and ensuring long-term operations of the plant without ratepayer support.
Constellation President and CEO Joe Dominguez said of Meta, “…they figured out that supporting the relicensing and expansion of existing plants is just as impactful as finding new sources of energy. Sometimes the most important part of our journey forward is to stop taking steps backwards.”
Constellation’s news release included statements from several leaders, including Clinton’s mayor, who expressed gratitude that the plant will stay in business and hundreds of people will keep their jobs.
“Constellation’s Clinton nuclear plant has long been an important part of our local economy, supporting a vibrant community with great jobs, excellent schools and well-resourced fire and police departments,” said Mayor Helen Michelassi. “While many other communities are losing jobs and tax revenues, Meta is investing in our future, preserving good-paying jobs, and driving economic development for decades to come.”
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