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Encouraging News For Illinois Nuclear Plants, But Policy Reforms Still Needed
Thursday, Sep 24, 2015 - Posted by Advertising Department [The following is a paid advertisement.] Recently, Exelon announced that all of its nuclear plants in the PJM market cleared the most recent capacity auction and that it will defer any decisions about the future operations of its Quad Cities and Byron nuclear plants for one year. As a result, the Quad Cities nuclear power plant will run through at least May 2018, while the Byron plant will run through at least May 2019. This is encouraging news for Illinois. According to a report by the State of Illinois, the Quad Cities and Byron plants support 5,075 jobs and contribute $1.39 billion to the state’s economy. Overall, Illinois’ nuclear energy facilities produce 90 percent of the state’s carbon-free energy, support 28,000 jobs, and inject nearly $9 billion into the Illinois economy every year. While the recent results of the PJM capacity auction which reflect new market reforms that better recognize the unique value of always-on nuclear energy is encouraging, Quad Cities and Byron, as well as Clinton, remain economically challenged. These plants are long-lived assets with decades of useful life left and today’s announcement is only a short-term reprieve. Policy reforms are still needed to level the playing field for all forms of clean energy and best position the State of Illinois to meet EPA’s new carbon reduction rules. Learn more about the benefits of nuclear energy at www.NuclearPowersIllinois.com
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For Illinois credit unions, support for communities starts from the top
Thursday, Sep 24, 2015 - Posted by Advertising Department [The following is a paid advertisement.] When you join a credit union, you’re a member — one of nearly three million in Illinois. Even so, members are not just a number. They know their credit union is a trustworthy place where the best interests of individuals and their communities come first. Cornerstone Credit Union in Northwestern Illinois is no exception, where helping their members build strong financial futures, offering community assistance and supporting aspiring college students are top priorities. A Community Relations Committee empowers staff to fulfill year-round outreach programs. This has been a top level initiative because the credit union’s board of directors, who serve in a volunteer capacity themselves, value the fundamental credit union principle of freely offering assistance to their neighbors in need. For the past 17 years, Cornerstone has facilitated a scholarship program to the tune of two, $5,000 scholarships for local college students per year. That’s $170,000 of welcome relief given back to local families faced with the continuing rise of college tuition. When life presents many financial challenges and opportunities, credit unions are the best partner to help members build strong financial futures. Isn’t it nice to know that someone is looking out for your best interests? Credit unions truly are A Smarter Choice.
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