Tag Archives: RPS

PRESS RELEASE-EXELON BILL IS CORPORATE WELFARE BAILOUT, NEIS CONTENDS

 

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.”

Photo courtesy of US NRC
Clinton nucear plant. Photo courtesy of US NRC

Speaking at a Subject Matter hearing, NEIS Director David Kraft urged legislators to reject the flawed Exelon legislation – Amendment 3 to SB.1585, the so-called “Next Generation Energy Plan” – and fix the Renewable Energy Portfolio Standard (RPS) as soon as possible, and before considering any Exelon reactor bailout schemes. Continue reading PRESS RELEASE-EXELON BILL IS CORPORATE WELFARE BAILOUT, NEIS CONTENDS