The “nuclear hostage crisis” is finally over. Governor Rauner and the Illinois Legislature has ordered all Illinois ratepayers to pay the $2.35 billion ransom to Exelon Corporation over the next ten years, ostensibly to save the ~1,500 jobs at the Clinton and Quad Cities nuclear reactors. That amounts to $1.57 million for each job “saved.” Heckuva job, Raunie! Continue reading OP-ED: END THE “NUCLEAR HOSTAGE CRISES” NOW!→
CHICAGO– Governor Bruce Rauner signed the Exelon nuclear bailout bill into law today, insuring over the next 10 years a legislatively mandated $2.35 billion rate hike, and the production of nearly 900 tons of additional high-level radioactive wastes and the other risks that nuclear power poses for Illinois.
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.