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Setting the record straight

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Illinois
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[The following is a paid advertisement.]

Recently, ads on Capitol Fax have distorted the facts about the Illinois Low Carbon Portfolio Standard (LCPS) (HB 3293/SB 1585). Let’s set the record straight.

Myth: “This is just a bailout for Exelon.”
Fact: The opposite is true. The LCPS is a technology-neutral policy that rewards all low carbon resources equally within a competitive market framework. The LCPS is one of the market-based solutions identified in the HR 1146 Report issued by the State of Illinois to position Illinois to meet future energy and environmental goals, which includes preventing the early retirement of certain Illinois nuclear plants that would result in much greater costs and risks to Illinois.

Myth: “This LCPS will cost consumers $1.5 billion. Just let the nuclear plants close.”
Fact: The LCPS includes consumer protections that limit the consumer impact to about $2 per month for the average Illinois residential electricity customer (the consumer protections apply to all customers). The cost to Illinois of allowing nuclear plants to prematurely retire are as much as 12 times greater than the actual cost of the LCPS, when fully considering increased wholesale power prices, transmission costs, adverse economic impacts, and adverse environmental impacts. (Source: HR 1146 Agency Report)

Myth: “The LCPS does not benefit Illinois in any way.”
Fact: The LCPS will protect thousands of Illinois jobs, prevent economic destruction of Illinois communities, and make the state an environmental leader.

Members of the General Assembly: Support the Illinois Low Carbon Portfolio Standard and Include Zero Carbon, Reliable Nuclear Energy In Illinois’ Energy Future.

Click here to get the facts.

posted by Advertising Department
Friday, Mar 13, 15 @ 11:44 am

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