EQT reported 2Q21 production of 4,626 Mmcfe/d, which was inline with guidance but does not account for the purchase of 1 Bcfe/d in volumes from Alta Resources. EQT closed on the deal in mid-July, which would have equated to 5.4 Bcfe/d in 1Q21 production.
Looking forward, EQT's pro-forma volumes will decline to 5.27 Bcf/ed in 3Q21 before moving back higher to 5.6 Bcfe/d in 4Q21.
Exelon has officially filed its Post Shutdown Decommissioning Activity Reports (PSDARs) with the NRC today detailing the shutdown plans for the Byron and Dresden Nuclear Plants that will go offline this Fall. Byron will be the first to be taken down in September, followed by Dresden in November.
For reference, the two nukes contributed an average of nearly 3 million mWh to the PJM grid over the last 12-months.
Looking ahead, Exelon also commented that "absent a legislative solution, these same market inequities will force the company to close its Braidwood and LaSalle nuclear facilities sometime in the next few years." Similar to the Dresden/Byron combo, the La Salle and Braidwood Nukes contributed a combined monthly average of >3.2 million mWh of power to Illinois between June 2020 and May 2021.
Exelon's Four Nukes Account for >40% of IL Power
Nuclear power generation in the state of Illinois accounted for >56% of the entire power stack in May 2021, with Byron/Dresden being 19% of the mix and La Salle/Braidwood 23%. Losing all four plants significantly changes the power stack within the state, and Exelon cited that "the massive loss of in-state clean generation means Illinois will have to rely more on fossil energy."