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FOR IMMEDIATE RELEASE: Sept. 13 , 2021 

Chicago – On a day that saw the Illinois legislature approve another $694 million in nuclear power bailout money to profitable Exelon corporation, safe-energy activists in cities all over the country conducted actions and wrote to their members of Congress, urging them to remove an estimated $46 billion  in proposed nuclear subsidies from the upcoming Reconciliation legislation. Read more

An otherwise excellent Chicago Tribune summary of the proposed Comprehensive Climate and Equitable Jobs Act (CCEJA) was marred by the oversimplified one-line explanation for critics’ opposition to continued Exelon nuclear plant bailouts.  While legitimate to question and oppose bailing out a profitable corporate welfare queen like Exelon, the real reasons are more numerous and complex.

The $694 million Exelon bailout proposed in CCEJA is nearly twice the amount found financially defensible by Governor Pritzker’s $250,000 independent audit commissioned earlier this year.  What’s the justification for increasing ratepayer abuse? Read more

In previous installments of this series, NEIS has attempted to keep the size down to 1-2 pages max.  This issue it too important to confine to that limit.

A major paper was recently released that raises a serious performance issue for those in favor of continued use of nuclear power.  It comes at a critical time when states are debating enormous bailouts of existing nuclear plants that would delay implementation and continue the underfunding of renewable energy, efficiency, storage and transmission upgrades; and entertaining the fanciful promises of a future generation of nuclear reactors being pitched as “solutions” to the climate crisis.

The report, “Increase in frequency of nuclear power outages due to changing climate,” (Nature Energy | VOL 6 | July 2021 | 755–762 | www.nature.com/natureenergy)[1] reveals the vulnerability of nuclear power plants to the extreme weather conditions of the ever-escalating climate crisis.  The Report found:

“In the 1990s, the average frequency of environment-induced outages (full and partial) was around 0.2 outage per reactor-year, but since then it has increased by around eightfold, reaching an average of 1.5 in the past decade.” (emphasis ours). [1] Read more

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