Capitol - Your Illinois News Radar » Exelon bill still up in the air
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Exelon bill still up in the air

Monday, Nov 28, 2016

* Crain’s Chicago Business still doesn’t like the Exelon bill

For a while, it looked as if Exelon would be able to sweet-talk lawmakers into including language that would jack up bills for downstate folks to keep open financially ailing coal-fired power plants. That gift was Exelon’s way of buying support for its nuke bailout from coal-plant operator Dynegy, the largest power generator downstate. But propping up coal was a bridge too far for consumer and environmental groups such as the Sierra Club, the Natural Resources Defense Council, the Environmental Defense Fund and the Citizens Utility Board, and thus, Dynergy lost its subsidy.

That’s progress.

The compromise language being worked out before Thanksgiving also shielded large industrial power users from a big hike in their electricity costs. That’s a win for Illinois’ overall economic health, since relatively low power rates make the Land of Lincoln more competitive when it comes to attracting and retaining big employers.

Also jettisoned from the original bill is a controversial proposal to overhaul how Commonwealth Edison’s electricity delivery rates are set. ComEd wanted to begin charging households and small businesses based on how much power they consume at peak demand times of the day rather than how much they consume overall during the course of the month. The Rauner administration termed that a nonstarter—another win for consumers.

So, you might wonder, what’s the problem? Well, even though the revised legislation provides a cheaper set of ratepayer-funded subsidies—and those subsidies sunset after 10 years—one troubling fact remains: Exelon is getting a bailout. Through that bailout, the company would keep open two nuclear plants that Exelon itself has declared are not economically viable. In any other business, owners themselves would have to deal with a money-losing operation. Exelon thinks it’s exceptional, however. Why should Illinoisans absorb the cost of keeping these unneeded plants open? We’re still waiting for a sensible answer.

* The QC Times thinks it has that answer

Gov. Bruce Rauner has staked his reputation on job creation. General Assembly Democrats cling to unions and environmental issues.

The Exelon bailout furthers all of those goals. It protects jobs and local governments. It prevents yet another exodus of workers. It assures that water vapor is pumped into the atmosphere instead of greenhouse gases. It positions Exelon to expand its footprint in the market, while granting nuclear the benefits offered to other “green” energy sources.

* Meanwhile, the governor and the two Democratic leaders are trying to wait each other out

Rauner said that while he wants the plants to stay open, he also wants a solution that doesn’t adversely affect consumers and businesses… “It’s a very fluid situation. We’ve got to protect all of the jobs we can, protect ratepayers and taxpayers. We can’t have our energy prices go through the roof or we’ll lose jobs.” [Gov. Rauner said]

Madigan and Cullerton aren’t ready to sign onto anything yet, their spokesmen said.

“We don’t have legislation in front of the Senate, and it sounds like changes continue to be made,” Patterson said. “The ultimate question comes down to where’s the governor on all of this and what would he be willing to sign.”

“Until we get to a final proposal, I’m not sure we have a position,” Brown said. “We don’t know what the final outcome might be or when this might occur.”

They’re going to need a structured bipartisan roll call in both chambers, but that won’t be easy if the governor won’t say whether he’ll sign the thing. Passing a bill like this is a whole lot more difficult than killing a bill, so this is a big test for Rauner.

All five leaders are meeting today at 3 o’clock, so we may get a better idea after that’s over.

* Related…

* AP: A closer look at bill that could save Cordova plant

* Pastor Of South Side Church Organizes Opposition To ComEd Rate Hike

- Posted by Rich Miller        

  1. - Abe the Babe - Monday, Nov 28, 16 @ 10:16 am:

    Exelon in DC: End the PTC because subsidies for renewables distorts the markets.

    Exelon in OH: Stop subsidies for coal because they distort the markets.

    Exelon in IL: Subsidize our plants!

  2. - fed up - Monday, Nov 28, 16 @ 10:23 am:

    Use the 17B to help finance local gov’ts creating solar and wind farms. Or do anything else more productive than propping up ComEd and its dying business model.

  3. - Sir Reel - Monday, Nov 28, 16 @ 10:31 am:

    American “free enterprise” at work. Trying to reap benefits while imposing costs on someone else.

  4. - Anon221 - Monday, Nov 28, 16 @ 10:36 am:

    One year or 6 years or 10 years, at some point these plants will close and people will lose their jobs at Exelon owned nuclear plants. Regardless of how the subsidy (or bailout as I prefer) is raised, it would only be a delaying tactic. The communities that welcomed these plants with open arms and with financial incentives needed to plan for this inevitability. Maybe it won’t happen in their lifetime, but the future generations of these communities WILL need to be prepared and be prepared to change how they fund the services they want in their communities. Right now, it looks like massive property tax hikes will be the only solution. Time to get creative and stop being a victim or shill for Exelon.

  5. - Pot calling kettle - Monday, Nov 28, 16 @ 10:43 am:

    ===We’ve got to protect all of the jobs we can, protect ratepayers and taxpayers. We can’t have our energy prices go through the roof or we’ll lose jobs.===

    He wants to be all things to all people. Hate to break the news, but the tough bills are tough because no bill will make everyone happy. Time for someone to step up and lead.

  6. - Earnest - Monday, Nov 28, 16 @ 11:10 am:

    >also shielded large industrial power users from a big hike in their electricity costs

    Makes me think of Senator Radogno’s line about there needing to be a shakeout in human services, that there are too many small providers. Perhaps there are too many small businesses in Illinois as well. /s

  7. - NoGifts - Monday, Nov 28, 16 @ 11:29 am:

    Nuclear power plants are not economically viable because the cost of global warming is not included in the comparison between coal fired plants and nuclear. When we get serious and add on the carbon tax, we will be happy we still have those nuclear plants. Plus we’re generating energy in the meantime carbon-free.

  8. - Sir Reel - Monday, Nov 28, 16 @ 12:32 pm:

    NoGifts, fat chance there’ll be a carbon tax with the Republican sweep at the federal level. More likely a carbon subsidy.

  9. - Ebenezer - Monday, Nov 28, 16 @ 1:43 pm:

    Can anyone comment on the cost of the Exelon subsidy in terms of dollars per job?

    I’d guess it would be much cheaper to close the plants and send checks directly to the workers.

  10. - Anon221 - Monday, Nov 28, 16 @ 1:51 pm:

    Ebenezer, keep this in mind…

    Exelon has offered jobs for every EXELON worker at their other sites. The workers that will be losing their jobs, and not offered a job at another Exelon site, are the contractors. That continually gets lost in the dialogue.

  11. - COPN - Monday, Nov 28, 16 @ 2:37 pm:

    HFA3 Filed:

  12. - Going nuclear - Monday, Nov 28, 16 @ 5:13 pm:

    When you think about it, it’s amazing that negotiations on the Exelon bill have lasted this long. So many moving parts. If the proponents can work a deal so that Ameren and large energy consumers are neutral, I think it has a chance to pass.

Sorry, comments for this post are now closed.

* Question of the day
* Here we go again...
* Who raised what in AG race?
* Warning issued over putting medically fragile children in Medicaid managed care
* Schakowsky, Gutierrez endorse Lipinski's Democratic opponent
* Rauner tied to Greitens, Pritzker tied to Blagojevich
* Some states looking for ways around federal tax law
* *** UPDATED x2 - Pritzker, Rauner, RGA respond *** Watch Dem candidates appear at Sun-Times
* Poll: Rauner leads Ives 65-21
* Not the governor's greatest day
* *** UPDATED x1 *** Kennedy needs to dig deeper, but can he?
* The fight for second place
* Group offers possible fix to problems with Rauner's AV
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Visit our advertisers...






* $26M spent on gov race in 3 months - Jacksonvil.....
* 2 Illinois governor candidates spend $28M in pa.....
* Democratic Candidates Conflict in Solar-Occasio.....
* Democratic Candidates Clash in Sun-Times Forum .....
* Rauner on Medicaid to Work Idea - Alton Daily News..
* Tracking Miles Driven? - Alton Daily News..
* Tracking Miles Driven? | Alton Daily News - Alt.....

* Rockford mayor says he'll seek limits to home rule powers
* Congresswoman collecting Valentine's Day cards for veterans
* Chicago trader accused of killing friend, dumping body
* Illinois sheriff helping people find opioid antidote drug
* Judge keeping some documents secret in Hastert lawsuit
* Ex-Ataris bassist indicted, accused of telemarketing fraud
* Rock bassist indicted, accused of telemarketing fraud
* Suspect in terror-related case claims 'combatant immunity'
* 2 Illinois governor candidates spend $28M in last 3 months
* Chicago group sues US Steel over Indiana plant's discharges

* 2 Illinois governor candidates spend $26M in last 3 months
* 2 Illinois governor candidates spend $28M in last 3 months
* Statehouse bill would connect rural schools to high-speed internet
* Statehouse bill would connect rural schools to high speed internet
* Education officials want to double state budget for schools
* University of Illinois trustee seat has been empty a year
* Rauner campaign: 'Governor believes David Duke is a racist'
* Rauner defends amendatory veto of school funding bill
* Rauner signs bill to focus on needs of female prison inmates
* Rauner tours Lincoln prison, touts reforms helping female inmates

* Here's Latinicity's new sit-down restaurant
* Paul Vallas says he's 'seriously considering' running for mayor
* Poll finds Rauner way ahead of GOP challenger
* Dow set to close above 26,000 for first time
* Dow closes above 26,000 for first time

* Man charged with armed robbery in Elgin
* Police: 2 men shot to death in West Woodlawn
* Chicago man injured in northwest Indiana crash
* No one injured in Aurora house fire
* Drunken driver facing multiple charges after crashing into bench in Riverside
* Pair of burglaries reported at South Shore businesses
* Dear Abby: Boyfriend keeps stalling on popping question
* Mother of child killed in 2017 crash with CTA bus sues her driver, CTA
* Horoscope for Jan. 18, 2018
* Northwestern’s down year continues with 71-65 loss to Ohio State

* Spouse shoulders family's financial worries
* Warriors down Bulls 119-112, tie team record with 14th straight road victory
* Fact check: Trump's 'Fake News Awards' focused on reports that were wrong — and quickly corrected
* Two shot in Albany Park
* Quarterback's death permeates NCAA convention discussions
* Bastian Schweinsteiger re-signs with Fire for 2018 season: 'I love this city, this sport and winning'
* Government shutdown threat remains with divisions over immigration, military dollars
* Trump allegedly told porn actress she reminded him of Ivanka during their affair
* Gay couple who ordered wedding programs got pamphlets about Satan instead, lawsuit says
* Archdiocese: 5 Catholic schools to close, several parishes merge

» A Prescription For Fruits And Veggies: One Solution To Food Insecurity in Illinois
» A Call For Transparency
» 2 Illinois Governor Candidates Spend $26M In Last 3 Months
» State Board of Education: Double School Funding Now
» Lawmakers Demand Fast Internet For Rural Schools
» 2 Dreamers Discuss Helping Other Immigrants Amid Uncertainty
» Rauner Spokesman: 'Governor Believes David Duke Is A Racist'
» Rauner Signs Law To Help Women Behind Bars
» A Poor Neighborhood In Chicago Looks To Cuba To Fight Infant Mortality
» Democratic Candidates In Lockstep At Justice Forum

* 2 Illinois governor candidates spend $26M in last 3 months
* Our View: Focus on cost-cutting, then turn to taxes
* 2 Illinois governor candidates spend $28M in last 3 months
* Statehouse bill would connect rural schools to high-speed internet
* Education officials want to double state budget for schools
* University of Illinois trustee seat has been empty a year
* Rauner campaign: 'Governor believes David Duke is a racist'
* Our View: Dubious tariff endangers newspapers' future
* Byron York: Paul Manafort has a point
* EJ Dionne: Will Trump exhaust our democratic capacities?

* Daily Digest: Rotary Club donation
* Baby boom: Bloomington police officers spark new generation
* Madison Keys wins again at Australian Open
* Area Calendar 1/18/18
* '12 Strong' movie tells story of elite 'horse soldiers,' including Cahokia man
* Suspect barricades himself in car after police chase
* Parent who used SWIC childcare reacts to elimination of program
* Norman 'Jay' Elkins
* Margaret Maxine Stone
* LeClaire home offers beautiful views of the river

* Congresswoman collecting Valentine's Day cards for veterans
* The Latest: Fourth-seeded Zverev advances at Australian Open
* Installation of solar panels in Goshen surpass expectations
* Expert says major eruption in Papua New Guinea could be soon
* Heating up: Sharapova vs Kerber in 3rd round; Muguruza out

* Bipartisan Illinois criticism follows Trum...
* Letter: Talk to tax preparer about GOP tax...
* Our view: End patronage at Algonquin Towns...
* Rep. Hultgren: It is Not Safe for Salvador...
* Letters to the editor: Election commission...
* Hultgren makes strong mark on nation's new...
* Dissident artist Ai Weiwei and US Rep. Ran...
* Subcommittee on Financial Institutions and...
* Lawmakers back renaming Warrenville post o...
* This RSS feed URL is deprecated

* This RSS feed URL is deprecated...
* On “The View,” Sen. Dick Durbin defends hi......

* This RSS feed URL is deprecated...

* City Council Approves Cappleman-Sponsored Program To House Homeless
* Life In Chicago: Grant Fraud, Boot Bribery & Unnecessary OT
* Can The Winter Olympics Save The World?
* Gutierrez offers Kelly an apology, and all it took was the White House chief of staff implying Donald Trump, misspoke
* At The Illinois Holocaust Museum | Speak Truth To Power
* Happy Anniversary, La Patisserie P!
* Watch a BellyQ bartender make a newfangled old-fashioned using dancing fish flakes
* Activists clash with aldermen over community benefits at Obama Presidential Center hearing, and other Chicago news
* The [Wednesday] Papers
* Fix Illinois by breaking the state apart? A gubernatorial candidate makes the case.

* Illinois Awarded Funds to Offer Advanced Training on Detecting Impaired Driving
* Illinois EPA Announces Upcoming Household Hazardous Waste Collection Events
* IEMA Highlights Emergency Preparedness for People with Access and Functional Needs in May - Ready Illinois website offers preparedness tips for people, caregivers
* First Lady Launches Illinois Family Connects
* Governor and Lt. Governor Unveil 2016 Journal of Local Government Shared Service Best Practices

* Samsung fully details mid-tier Exynos 7872 SoC with hexa-core CPU and iris camera support
* Twitterrific App Updates Add Haptic Feedback Features and Chronological Threads
* Tim Cook says future iOS update will let users turn iPhone performance throttling off
* Winter iPhone 8 and iPhone X demand forecast to be down
* Huawei integrating Android Messages app for SMS/RCS
* Apple’s future, iPhone addiction plans, Project Fi Unlimited & more – Pocketnow Daily
* Apple gives out $2,500 in stocks to most employees

* Collins ranked MLB's No. 9 catching prospect
* With maturity comes lofty expectations for Eloy
* Pirates rebuild not met with enthusiasm
* Moncada guiding Robert during mini-camp
* White Sox announce player development staff
* Robert at ease during Sox hitters mini-camp
* Moncada guiding Robert during mini-camp

Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005


RSS Feed 2.0
Comments RSS 2.0

Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller