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

Myth: “Exelon is profitable, so they don’t need more money to keep these plants open.”

Fact: Much like a retail business with multiple stores, every location has to make money on its own. No retail chain could survive for long using profitable stores to keep unprofitable ones open. Exelon would not operate Plant A at a loss simply because Plant B is earning a profit.

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 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), properly values all low-carbon sources of energy, including the state’s nuclear facilities.

According to a State of Illinois report, the cost to Illinois of allowing nuclear plants to prematurely retire are as much as 12 times greater than the maximum cost of the Illinois LCPS.

MEMBERS OF THE ILLINOIS SENATE ENERGY AND PUBLIC UTILITIES COMMITTEE:
VOTE YES ON THE LOW CARBON PORTFOLIO STANDARD (SB 1585)

Learn More: http://www.NuclearPowersIllinois.com