Illinois Legislators should oppose Exelon’s current $700 million nuclear ransom demand.  You can’t build an energy future by bailing out the past.

Recent revelations [1] that Exelon’s business partner EDF is curbing its enthusiasm for the creation of Exelon’s spin-off company “SpinCo” should warn Illinois legislators about the danger of granting the recently proposed nuclear bailout [4].

Earlier this year Exelon announced it would be splitting off and segregating its money-losing, unprofitable nuclear reactors into a separate entity called “SpinCo.” Read more

STATEMENT ON ILLINOIS LEGISLATIVE INACTION

 ON ENERGY LEGISLATION

Tick…tick…tick…

Everything in its own time.  Or so the old saying goes.  The Illinois Legislature demonstrated that old maxim once again by failing to vote before the end of Spring session on a critical piece of energy legislation designed to create Illinois’ energy future.

The Planet has its own schedule, too.  The Intergovernmental Panel on Climate Change (IPCC) frantically warned in October 2018 that we humans have at best 10 years left – until 2028 – to totally revamp our energy and economic systems, or risk an irreversible climate crisis that could threaten the very functioning of civilization as we have come to know it.  In this regard it’s important to recall another old maxim:  Nature bats last.

Like the grasshoppers in Aesop’s Fable, we, the Governor, and the Legislature ignore this imminent peril, and instead, content ourselves to “Count the victories,” as House Speaker Chris Welch, D-Hillside, advised yesterday as the clock stroked midnight.  Well, looks like it will now be easier to get to-go cocktails.  Come 2029 and beyond, we will need them, and much more. Read more