Looks Like A Boondoggle
Thursday, Apr 19, 2012 - Posted by Advertising Department [The following is a paid advertisement.] It’s no surprise that out-of-state energy company Tenaska would be coy about the huge new costs they are asking legislators to foist upon their own constituents to pay for the proposed Taylorville Energy Center coal plant. Yesterday, Tenaska issued a press release citing a new report confirming that their plan for the Taylorville Energy Center would cost families and businesses in Illinois hundreds of millions of dollars a year in increased electricity prices. Yet, in promoting this report, Tenaska called attention to interestrate gimmick “savings” that amount to a tiny fraction of the overall costs and could disappear as quickly as they appeared. Another study, based on an analysis of Tenaska’s own data, found that this project would cost Illinois consumers $400 million a year in increased electricity costs, or $12 billion over the 30-year life of the project. Tenaska is trying to convince Illinois consumers that they’re getting a real deal by “saving” pennies on the dollar for a $12 billion purchase. But Illinois consumers know a boondoggle when they see one. Contact your legislator today and encourage them to vote “NO” on SB 678 or any legislation that would send your money Up In Smoke to pay for the Taylorville Energy Center. And be sure to check out STOP Coalition’s new Facebook page for more on the broad coalition that has joined together to oppose this legislation.
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