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Economists Agree: Preserving Nuclear Plants is Good for Consumers, Good for Economy

Tuesday, Mar 31, 2015

[The following is a paid advertisement.]

Illinois depends on reliable, clean-air energy from nuclear facilities to power Illinois and drive our economy. But some of Illinois’ nuclear energy facilities are at risk of closing prematurely, which would be catastrophic for Illinois’ economy. Don’t take our word for – two of Illinois’ leading economic minds agree that allowing these plants to close is a bad idea.

    George S. Tolley, emeritus professor of economics at the University of Chicago, said closing Illinois’ nuclear energy plants would be a “bad idea.” (George S. Tolley, Op-Ed, “Not Just A Power Struggle: Closing Illinois’ Nukes Is A Bad Idea,” Crain’s Chicago Business)

    Stanford L. Levin, emeritus professor of economics at Southern Illinois University at Edwardsville and former ICC Commissioner, said the closure of the state’s three economically challenges nuclear plants could hurt Illinois consumers. (Stanford Levin, Op-Ed, “Nuclear Power Plant Closures Could Hurt Illinois Consumers,” State Journal-Register)

The fact is, three of Illinois’ six nuclear plants are at risk of closing, and the consequences of these closures are catastrophic:

    • $1.8 billion every year in lost economic activity
    • Nearly 8,000 highly skilled jobs
    • Up to $500 million annually in higher energy costs statewide, according to a PJM analysis
    • $1.1 billion per year due to increases in carbon and other pollutants
    • Hundreds of millions of dollars to construct new transmission lines

Only one legislative solution - the Illinois Low Carbon Portfolio Standard (LCPS) - would help prevent these closures. The LCPS is good for Illinois consumers, good for our economy and good for our environment.

Members of the Illinois General Assembly:
VOTE YES ON HB 3293 / SB 1585

Learn more at www.NuclearPowersIllinois.com

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