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Three Mile Island in Middletown, Pennsylvania. Photo: Jeff Fusco/Getty Images

Three Mile Island nuclear power plant will begin a planned shutdown on June 1 now that owner Exelon confirmed it won't receive financial aid from Pennsylvania's government, AP reports.

The impact: Nuclear provides 94% of Pennsylvania's carbon-free electricity. Coal and natural gas plants — which burn fuel cheaper, but emit carbon dioxide — are expected to make up for the lost power. As for jobs, the plant employs nearly 700 people.

The intrigue: Three Mile Island was the site of America's worst nuclear-energy accident in 1979. One reactor shut down following that, which has created extra financial hurdles for the plant since.

The big picture: Nuclear power plants aren’t compensated for their carbon-free profiles like wind and solar, so plants across the country are being financially squeezed in similar situations. One-third of America’s nuclear power could be taken offline in the next few years, while as much as two-thirds could be unprofitable in the same amount of time, according to MIT research.

What's next: The plant will be offline by Sept. 30, according to Exelon.

Go deeper: As climate change worsens, America faces more nuclear closures ("Axios on HBO" segment)

Go deeper

3 hours ago - Politics & Policy

First look: The LCV's $4M ad buy

A screenshot from a new League of Conservation Voters ad supporting Rep. Stephanie Murphy.

The League of Conservation Voters and Climate Power are aiming another $4 million worth of ads at centrist House Democrats, urging them to support the climate provisions in President Biden’s $3.5 trillion budget reconciliation package, Axios has learned.

Why it matters: Progressive groups are trying to counter the onslaught of conservative money pouring into swing districts. Both sides are trying to define Biden’s Build Back Better Agenda and pressure lawmakers to support — or oppose — the legislation scheduled for a vote in the House this week.

3 hours ago - Politics & Policy

Shutdown Plan B

Illustration: Sarah Grillo/Axios

The Senate will hold a futile vote Monday night — just 72 hours before a potential shutdown — on a House-passed bill to fund the government through Dec. 3 and raise the debt limit.

Why it matters: The bill is going to fail. Period. But then comes Plan B: A "clean" continuing resolution — stripped of language about raising the debt limit — that Democrats spent the past week preparing, Axios is told.

Glenn Youngkin's play: Forever- and Never-Trumpers

Glenn Youngkin in Harrisonburg, Virginia, on Friday. Photo: Win McNamee/Getty Images

Standing on a flatbed hitched to a John Deere tractor in red Rockingham County, Virginia, Glenn Youngkin decried California liberalism and bashed his rival, Terry McAuliffe. He also encouraged early voting. Two words he avoided: Donald Trump.

Driving the news: Youngkin, the Virginia Republican gubernatorial nominee, is mounting a serious challenge to McAuliffe — a former governor and veteran of Democratic politics. Axios caught up with him on Friday in Harrisonburg, Virginia.