Exelon Corp. now says it won’t close its Byron and Dresden nuclear power plants in northern Illinois thanks to action taken by the Illinois Legislature on Monday.

The Chicago utility (Nasdaq: EXC) had threatened to close the plants last year unless action was taken by the Legislature.

On Monday, the Illinois Senate passed an energy reform package that includes $700 million in subsidies for the company’s nuclear power plants. Gov. J.B. Pritzker has said he will sign the legislation, which was supported…

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