Another Day. Another Auction. Another $275 Million For Exelon

Friday, Sep 4, 2015 - Posted by Advertising Department

[The following is a paid advertisement.]

Exelon just received an additional $275 million from the PJM Capacity Auction process – this time for the 2016-2017 transitional auction. This comes on top of last week’s 2018-2019 PJM Capacity Auction which resulted in $650 million in total capacity revenue. As the Tribune reported, Exelon “lobbied hard for the new [auction] rules” and they are reaping the results. More highlights:

$675 Million REVENUE INCREASE for Exelon – Exelon is now approaching $1 BILLION dollars in additional revenue for its Illinois nuclear fleet, with one more auction coming September 9th.
Byron Cleared Both Auctions – Will Run Through At Least May 2019 –According to a Crain’s analysis, Byron, which Exelon characterized as troubled and in danger of closing just weeks ago, now “…stands to reap profits of around $26 million even if future energy prices remain this low.”
Quad Cities Cleared 2016-2017 Auction, Earning More Than $80 Million – Quad Cities cleared the 2016-2017 Auction, ensuring it will run through at least May, 2017. Perhaps Exelon should answer how it was able to offer and clear Quad Cities’ for a fraction of the price for the 2016-2017 auction, but couldn’t offer at the same price for 2018-2019. Is Quad Cities in danger of closing because Exelon chose a different bidding strategy?

Exelon ginned up the new rules and has now received its “market-based” bailout. It doesn’t need another $1.6 billion more from struggling ratepayers. Enough is enough.

Just Say “NO” to the Exelon Bailout

BEST Coalition is a 501C4 nonprofit group of dozens of business, consumer and government groups, as well as large and small businesses. Visit www.noexelonbailout.com.

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Illinois Credit Unions – Actively engaged in the communities they serve

Friday, Sep 4, 2015 - Posted by Advertising Department

[The following is a paid advertisement.]

Credit unions have a well-recognized reputation for providing exemplary service in meeting their members’ daily financial needs. A “People Helping People” philosophy also motivates credit unions to support countless community charitable activities and worthwhile causes on a continual basis.

As a prime example, Consumers Credit Union (CCU) in Waukegan is wrapping up another summer filled with community outreach. This not-for-profit financial cooperative participated in an array of community events, including festivals, parades and community celebrations. As part of their involvement in several neighborhood events, the credit union also promoted the importance of saving for children.

“Team CCU” is active in fundraising, too. The credit union’s walking team raised nearly $3,000 for the American Cancer Society’s Relay for Life event held in Waukegan. CCU also made a donation of more than $2,000 to the March of Dimes.

Credit unions are able to better serve their communities because of their not-for-profit cooperative structure and leadership of a volunteer board elected by and from the local membership. Illinois credit unions: locally owned, voluntarily led, and actively supporting your community.

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