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Encouraging News For Illinois Nuclear Plants, But Policy Reforms Still Needed
Thursday, Sep 10, 2015 - Posted by Advertising Department [The following is a paid advertisement.] Earlier today, 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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Illinois Credit Unions – A Model of Kindness
Thursday, Sep 10, 2015 - Posted by Advertising Department [The following is a paid advertisement.] As part of their commitment to community service, the credit union movement as a whole supports countless local charitable activities as evidenced by their fundamental philosophy of “People Helping People.” For credit unions in Illinois, this mantra is not just part of their culture - it’s a lifestyle. As an example, the $12 million Danville Bell Credit Union for the past two years has lived out a local campaign of paying it forward. This initiative has included performing numerous random acts of kindness, such as paying for groceries, shoes for school kids whose families could not otherwise afford, meals, and renewing a gym membership for an area firefighter. This generosity has spread tremendous goodwill throughout the community, helped people through temporary financial difficulties, and also inspired other credit unions and members to return the favor for others. In one touching interaction, the credit union filled the gas tank for a college student who, as it turned out, happened to be down to her last $20. Illinois credit unions are not just employees - they’re your neighbors, they raise their families here, they’re your trusted financial partner. To them, kindness is not only a guiding principle, its woven into their DNA.
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