CHICAGO—The release of its long-awaited bailout legislation, coupled with presentations made before the Federal Energy Regulatory Commission (FERC) last week add up to a declaration of war against renewables and energy efficiency by Exelon Corporation, a Chicago nuclear watchdog organization asserts.
“If it looks like a bailout, walks like a bailout, and quacks like a bailout – it’s a BAILOUT,” asserts David Kraft, Director of Nuclear Energy Information Service (NEIS) of Chicago.
CHICAGO-– An organization conducting an “alms for Exelon” street fun(d)raiser for the impoverished utility admits that the event was “a total failure.”
“To try to prevent Illinois ratepayers from having to fork over $580 million to bailout Exelon’s unprofitable reactors in Illinois, we had hoped to raise funds from individuals who ideologically support nuclear power,” says David Kraft, director of Nuclear Energy Information Service, referring to a Chicago City Club Luncheon featuring three pro-nuclear speakers from Exelon-funded front Continue reading PRESS RELEASE: Exelon (faux-)fun(d)raiser ‘total failure,’ groups say→
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
CHICAGO— A study released Thursday (Oct. 2, 2014) by the nuclear power trade group alleging dire economic consequences
for Illinois should currently unprofitable nuclear reactors be closed by Exelon Corporation leaves safe-energy advocacy groups wondering – was this report designed to deliberately mislead the Illinois Legislature?
Company seeks to scam EPA carbon rules to subsidize nuclear power in Illinois and nation
Exelon’s scheming to garner subsidies for unprofitable nuclear plants in Illinois uses the recent EPA carbon standards rule as a fig leaf for the enormous rip off it represents. It should be opposed by the Legislature.
Exelon’s nuclear plants have been paid for numerous times over by ratepayers: through the rate hikes that built them; through the estimated $6-$11 billion in “stranded costs” awarded them when Illinois went from a regulated to a market-based system; and in the $21 billion CUB reports these plants have earned Exelon in the last decade alone. Continue reading PRESS STATEMENT: Legislature Should Oppose Exelon Bailout→
Resolution prelude to “bailout” for unprofitable nukes, national anti-renewables campaign
CHICAGO— By voice vote the Illinois House approved a resolution introduced by House Speaker Michael Madigan with extensive cooperation from Exelon Corporation that would create massive subsidization of unprofitable Exelon nuclear plants in Illinois, and do serious damage to the growth of the renewable energy sector.
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.