An otherwise excellent Chicago Tribune summary of the proposed Comprehensive Climate and Equitable Jobs Act (CCEJA) was marred by the oversimplified one-line explanation for critics’ opposition to continued Exelon nuclear plant bailouts. While legitimate to question and oppose bailing out a profitable corporate welfare queen like Exelon, the real reasons are more numerous and complex.
The $694 million Exelon bailout proposed in CCEJA is nearly twice the amount found financially defensible by Governor Pritzker’s $250,000 independent audit commissioned earlier this year. What’s the justification for increasing ratepayer abuse? Read more