* I kinda get a kick out it when CapitolFax.com advertisers pummel each other…
A plan to financially reward Exelon Corp. for producing no-carbon energy and potentially save three Illinois nuclear plants from closure would cost ratepayers $1.6 billion over five years and strain budgets for financially strapped businesses and municipal governments, a study released Tuesday found. […]
Consumers would have to pony up more for electric bills and face higher tax bills from local governments absorbing higher costs, BEST Coalition Director Dave Lundy, accompanied by representatives of AARP, told a state Capitol news conference. […]
Exelon wants its Illinois distributors ComEd and Ameren to buy clean-energy “credits”— subsidies — as an incentive similar to perks granted to solar and wind power and other clean-energy producers. Without the help, Exelon says it might have to close nuclear plants in Byron, the Quad Cities and Clinton. […]
Exelon spokesman Paul Elsberg said the company hadn’t reviewed the study, but pointed to a state-commissioned review issued in January that determined if the three nuclear plants closed, it would cost Illinois up to $1.8 billion a year in economic activity, 8,000 jobs, and more than $1 billion in adverse economic and environmental costs, higher energy prices and new transmission lines. A decision to close the plants would dwarf the cost of the incentive, Elsberg said.
Chicago Public Schools would pay nearly $7 million more, while the Metropolitan Water Reclamation District would see another $8.3 million on its electricity bills over the 5-1/2 years the proposed measure would be in force, the study said. […]
Employing usage data from a 2012 Exelon-funded study in opposition to a proposed coal gasification power plant downstate, Kestler applied the potential impact of the low-carbon legislation on a number of governmental agencies and municipalities over the lifetime of the measure.
Electric bills would go up $3.3 million for Cook County, $6.8 million for the state of Illinois and $5.4 million for the CTA, the study showed.
“These are huge dollar figures at a time when every single entity of government is struggling just to balance its books now,” Lundy said.
Chicago-based Exelon had a net income of $1.62 billion on revenue of $27.4 billion last year. That is down from a net income of $1.72 billion in 2013.
…Adding… From a press release…
Today hundreds of Illinoisans rallied for clean energy and climate action at the Illinois State Capitol in Springfield. The citizens were joined at the rally by many legislators who are co-sponsoring the bipartisan Illinois Clean Jobs Bill (HB 2607/SB1485).
Last year, the U.S. Environmental Protection Agency (EPA) introduced the Clean Power Plan, giving states the opportunity to create plans to cut carbon pollution and grow clean energy jobs. With energy policy taking center stage this year in the General Assembly, the Illinois Clean Jobs Bill has emerged as the only bill that can protect the consumers and the environment while creating an estimated 32,000 jobs annually.
“The Illinois Clean Jobs bill has the most grassroots and legislative support of any energy-related bill pending in the General Assembly this year,” said State Senator Don Harmon. “And the news for consumers and clean energy keeps getting better: the state’s leading watchdog for utility customers - Citizen’s Utility Board - found that the Illinois Clean Jobs bill will save people a total $1.6 billion by 2030.”
The Illinois Clean Jobs Bill will strengthen policies to ramp up renewable energy like wind and solar to 35 percent by 2030 and cut energy use through efficiency by 20 percent by 2025. These efforts will save consumers money while bringing clean energy investment to new communities to strengthen local tax bases and create family-sustaining jobs.
“When we talk about power, it’s more than solar power or wind power,” said Pastor Booker Vance of St. Stephen’s Lutheran Church and Faith in Place. “It’s about empowering people and empowering families. That’s why we must raise our voices not simply today—but every single day until the Illinois Clean Jobs Bill becomes law.”
I support the Illinois Clean Jobs Bill because I see it as an unprecedented opportunity to address the needs of the Illinois economy, a top priority for the people I represent in Central Illinois,” said State Senator Dave Koehler. “The Illinois Clean Jobs Bill also benefits the environment and the legacy we pass down to our children and grandchildren.”
Last week, two leading organizations - Citizens Utility Board and Union of Concerned Scientists - independently concluded that the Illinois Clean Jobs Bill would save customers billions of dollars, in stark contrast to two other pieces of energy-related legislation now pending in Springfield. As the state’s leading utility watchdog said this week, the Illinois Clean Jobs Bill is the only piece of legislation that would lead to customer savings.