A Chicago Tribune headline of Wednesday, April, 20, 2015, “Study: Exelon Aid Could Cost $1.6B”, told of an Exelon-backed bill, framed as supporting clean energy production, that could benefit Exelon’s nuclear plants, while costing ratepayers an additional $1.6 billion on their electric bills through 2021. The bill was cited as “a corporate bailout” by critics.
Fresh off a $2 billion profit in 2014, utility giant Exelon is attempting to strong-arm the Illinois legislature into placing new restrictions on lower-cost electricity competitors. If Illinois lawmakers don’t meet Exelon’s demands, it is threatening to shut down operations at three of its six Illinois nuclear power plants.
TweetExelon, a huge utility with the largest fleet of nuclear plants in the U.S. is trying to extort increased subsidies from ratepayers and taxpayers in Illinois, threatening to close three[…]
President Obama’s speech last week that re-emphasized his commitment to reduce US carbon dioxide emissions brought dismay to those who appreciate affordable energy, but it sparked a celebration among corporate types who have long sought caps and taxes on CO2.