Capitol Fax.com - Your Illinois News Radar » “The problem is Exelon”
SUBSCRIBE to Capitol Fax      Advertise Here      About     Exclusive Subscriber Content     Updated Posts    Contact Rich Miller
CapitolFax.com
To subscribe to Capitol Fax, click here.
“The problem is Exelon”

Sunday, May 30, 2021 - Posted by Rich Miller

* I told subscribers about this earlier today, but Hannah Meisel at WUIS takes a long and thorough look at the impasse

With two more days until the scheduled adjournment of the General Assembly’s spring legislative session, negotiations on a high-stakes deal to steer Illinois away from carbon-causing energy sources — as well as a host of other goals from ending controversial formula ratemaking and forcing ethics reforms as a utility-involved corruption investigation looms large — have reached impasse, according to multiple sources engaged in bargaining.

As of Saturday night, parties remain far apart on the linchpin of the deal: how much the state should provide in subsidies for nuclear giant Exelon to prevent the company from the threatened closures of at least two, if not three, of Exelon’s six nuclear power generating stations that are not profitable. Those six locations serve the northern half of Illinois, which contains the majority of the state’s 12.8 million people.

Exelon’s ask from the state has varied, but those close to negotiations say the company has asked for a 10-year plan for subsidies with a credit in the first year that nearly amounts to what Pritzker’s office is offering in total. Exelon on Sunday declined to comment on the parameters of its subsidy ask.

Gov. JB Pritzker’s lead energy negotiator, Deputy Gov. Christian Mitchell, told Exelon the state’s final offer is $540M in subsidies for three plants over five years. Lawmakers have been briefed on that offer. There are currently no other negotiations scheduled, though that could change.

* Check this out

But a coalition of labor unions, some of whom represent the more than 2,400 unionized workers at the plants is throwing down a final gauntlet in the waning days before lawmakers’ May 31st adjournment. On Saturday evening, that coalition organized under the Climate Jobs Illinois moniker sent Pritzker a letter after parties were informed negotiations over the nuclear subsidy were at impasse.

But a coalition of labor unions, some of whom represent the more than 2,400 unionized workers at the plants is throwing down a final gauntlet in the waning days before lawmakers’ May 31st adjournment. On Saturday evening, that coalition organized under the Climate Jobs Illinois moniker sent Pritzker a letter after parties were informed negotiations over the nuclear subsidy were at impasse. […]

“The governor’s not the problem,” [Rep. Marcus Evans (D-Chicago)] said. “The problem is Exelon. Exelon is used to getting everything they want. And we want them to get what they need.”

Evans is an Assistant House Majority Leader and began the talks on organized labor’s side, so that’s quite significant.

       

6 Comments
  1. - It’s time - Sunday, May 30, 21 @ 12:19 pm:

    Thousands of good jobs and the progress of the entire state is being held up for one corrupt, dishonest and greedy public company. But in the end, the ball is in the court of the ILGA. They can move this bill which has been negotiated for months and call Exelon’s bluff. Do it now.


  2. - Moe Berg - Sunday, May 30, 21 @ 12:36 pm:

    Labor needs to give a bit.

    The GA and governor have done very well by labor as a whole the last 2+ years. Labor will continue to benefit in many ways, as we saw with the data center bill.

    Giving in to Exelon’s extortion will create major political problems for Democrats in an election year that may also feature Exelon/ComEd criminal trials.

    And, for the most part, the jobs they are saving are the jobs of people that aren’t voting for Democrats. They’re Trumpers voting for their guns.


  3. - yuck - Sunday, May 30, 21 @ 12:48 pm:

    interesting that many lobbyists for com ed and exelon also lobby for the unions… kind of a cabal…


  4. - Annonin' - Sunday, May 30, 21 @ 2:43 pm:

    How about a repeat of ‘08? Pencil in a number for COMED rebate — start with unpaid fine $200 million. In the earlier deal someone got thhem topay $1 billion.


  5. - Al - Sunday, May 30, 21 @ 2:57 pm:

    The plants are well beyond their expected life. Close them before they blow-up and leave a mess. Why subsidize these old junker plants which despite being paid-off, are unable to compete with natural gas and wind?


  6. - low level - Sunday, May 30, 21 @ 3:14 pm:

    https://youtu.be/FuNJq_wI1ns


Sorry, comments for this post are now closed.


* Open thread
* Isabel’s morning briefing
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Live coverage
* Selected press releases (Live updates)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
November 2024
October 2024
September 2024
August 2024
July 2024
June 2024
May 2024
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
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

Syndication

RSS Feed 2.0
Comments RSS 2.0




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