In 2015, Exelon threatened to shut down up to six of its nuclear power plants in Illinois due to the plants’ unprofitability and the reduced price of coal and natural gas energy sources — unless Exelon received a government bailout from the state. The company claimed it needed direct taxpayer subsidies to keep three unprofitable nuclear power plants open.
Tagged: government bailout
Abengoa, a Spanish renewable energy company, is on the brink of failure. Few in the United States might care except for the fact the Obama administration showered Abengoa with more than $2.9 billion in federal grants and loan guarantees: If Abengoa goes belly up, taxpayers will be on the hook for a bankruptcy that makes Solyndra’s look small by comparison.
TweetI turned on the TV this morning and watched a news report that for some reason really frosted me: White House and Chrysler officials practically playing kissy-face over Chrysler paying[…]