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 The final results are in and as many analysts have noted, “Exelon was the big winner in this year’s [PJM grid capacity} auction.”  Here are the highlights:

• $1.7 BILLION RATE INCREASE FOR EXELON – Exelon engineered the new rules to increase their profits. Their $1.7 BILLION reward will be paid for by struggling Illinois ratepayers.

 

• Byron and Quad Cities Both Cleared the Auction and are Obligated to Run Well into the Future

 Exelon’s Low Carbon Portfolio Standard would have raised $1.6 billion over 5 ½ years for Exelon.  The Capacity markets, under Exelon-pushed rules, earned Exelon $1.7 billion over only three years.

Illinois doesn’t have a balanced budget, service providers are being decimated and real people across Illinois are hurting.  It’s time for Exelon to take their HUGE $1.7 BILLION WINDFALL and stop asking legislators to keep padding their profits. 

Enough is enough!

Just Say “NO” to the Exelon Bailout

 BEST Coalition is a 501C4 nonprofit group of dozens of business, consumer and government groups, as well as large and small businesses.  Visit www.noexelonbailout.com.