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Unclear on the concept
Monday, May 31, 2021 - Posted by Rich Miller * Their argument only works if you believe Exelon got a reasonable, fact-based deal in 2016…
Using those 2016 numbers is also like a car salesperson making a pitch about the monthly payment amount instead of the auto’s actual price. You may recall these folks from the Mel-O-Cream stand they set up outside the Statehouse. They also claim they’re faxing the governor’s chief negotiator, who is in Springfield this week. But I’m told the governor’s office doesn’t have a Springfield fax machine. Meanwhile, some progress is being made on the energy bill. It’s not soup yet, though.
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- DTAG - Monday, May 31, 21 @ 3:26 pm:
I can think of 5 defendants who think that the 2016 Exelon subsidy was reasonable and fact based.
- Annonin' - Monday, May 31, 21 @ 3:37 pm:
If policy makers want to insist that renewables be used and the state maintain the nukes to guarantee power for peek periods then this is where we land.
Mr/Ms DTAG might also ponder the ‘O8 COMED bill — the company a $1 billion rebate to consumers.
- DTAG - Monday, May 31, 21 @ 3:45 pm:
My comment was meant as a joke and I should have added “/s”. I did not intend for it to be a comment of policy. To policy though its unfortunate when we have these subsidies and the regional generators are pricing power they include the subsides into the calculation which makes it so nuclear power is priced cheaper compared to other sources and then requires more subsidies in the future. There needs to be reform of Midcontinent Independent System Operator pricing, so as that the subsides aren’t needed or as high.
- OneMan - Monday, May 31, 21 @ 4:12 pm:
The feds did get 200 million from ComED so I guess they should get that back and then some from ratepayers?
- Bondguy - Monday, May 31, 21 @ 4:53 pm:
I’m enjoying the assertion that nuclear power is now “clean” power. I’ll wait for legislation funding the new Illinois plutonium capture facility…
- charles in charge - Monday, May 31, 21 @ 4:55 pm:
“Lowballing”?! The sheer level of entitlement on display from these Exelon people and their army of astroturfers is really something.
- Al - Monday, May 31, 21 @ 7:37 pm:
Charles, I know a guy who was an appointee at a high level, head of a State Commission. He has stayed in his positions for years despite changes in administrations and political parties. I went to a diner one morning and he invited me to sit with him and his friend. His friend stated he was surprised Blagjevich re-appointed him. He replied he always gets re-appointed because politations are all the same. When he meets them he warmly greets them and then pulls out an envelope from his suitcoat jacket pocket and gives it to them. He declined to say how many Benjamin’s are in the envelope. He description of elected officials was Toquvillian; they just want PAID.
Exelon Lobsters know their audience.
- Oxfordian - Monday, May 31, 21 @ 9:11 pm:
To say the 2017 subsidies were obscene would be an understatement. And ComEd made a pretty penny on that one, too. The state should move forward with an energy bill that brings us green jobs, better infrastructure for EVs, some reasonable subsidies for the nukes, and reins in the electric rate making process.
- elecric boogaloo - Tuesday, Jun 1, 21 @ 12:46 am:
Or maybe, just maybe, the bribery had something to do with it?
- Candy Dogood - Tuesday, Jun 1, 21 @ 1:15 am:
Those corporate shills using a raised fist really just bother me. Astroturfing is part of the profession, sure, but co-opting an internationally recognized symbol of solidarity with oppressed people/the working class is a really low ball. Especially since the BLM movement has strongly used the image in their iconography.
It takes a real sick person to use that symbol to advocate for a public bail out of a for profit multibillion dollar a year revenue company. Exelon is in the S&P 100. These people really have no shame and it’s unfortunate none of their corporate officers saw prison time.
- Electric Boogaloo - Tuesday, Jun 1, 21 @ 1:42 am:
I guess no ones going to say it.