Exelon bill designed to bailout failing nuclear plants, transfer wealth, kill renewables, NEIS testifies
SPRINGFIELD, May 16, 2016— Nuclear Energy Information Service of Chicago testified today before the Illinois State Senate Energy and Public Utilities Committee that the new Exelon legislation amounted to a “corporate welfare bailout” designed to kill renewable energy and “transfer wealth from Illinois ratepayers to Exelon shareholders.”
CHICAGO—Despite some notable flaws, a report assembled by 4 state agencies to study the effects of closing five uneconomic Exelon nuclear reactors in Illinois came to a reassuring conclusion: Illinois will survive, and WITHOUT having to bail out Exelon’s reactors with $580 million.
The Report, “POTENTIAL NUCLEAR POWER PLANT CLOSINGS IN
The business press has announced that Exelon Corporation now considers the two Byron nuclear reactors south of Rockford as candidates for closure, joining a list that included the two old Quad Cities reactors, and the single Clinton reactor in central Illinois.