"We're making our own destiny," said Chris Gould, vice president of corporate strategy for Exelon Corp. in Chicago, the nation's largest owner of nuclear-power plants and one of the biggest backers of the failed "cap and trade" legislation.
Bloomberg News
Water vapor is emitted from cooling towers at Exelon Corp.'s Limerick nuclear power generating station in Limerick, Pa.
In a blueprint released last week, Exelon executives said their 13-state region could achieve reductions in greenhouse-gas emissions nearly equal to what federal legislation might have achieved in the next decade by pressing ahead with activities already encouraged by state and federal regulators.
Exelon plans to spend more than $5 billion by 2017 in ways that should cut its greenhouse-gas emissions. It includes as much as $290 million a year on energy-efficiency programs at utilities it owns in Illinois and Pennsylvania and $3.8 billion to increase the capacity of its existing nuclear plants by up to 1,500 megawatts.
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