Thursday, Aug 27, 2015 - Posted by Advertising Department

[The following is a paid advertisement.]

The 2018-2019 PJM Capacity Auction Cleared far higher than analysts expected resulting in as much as $650 million total capacity revenue for Exelon. Here are the highlights:

$400 Million in ADDITIONAL REVENUE for Exelon – Exelon received a HUGE windfall. According to the Chicago Tribune, Exelon will receive “roughly $400 million in additional revenue” over the previous year. Exelon VP Joe Dominquez characterized this massive cash bonanza as “a marginal improvement…”
Byron Cleared the Auction – Will Run Through At Least May 2019 – Byron is now obligated to run until May 31, 2019. According to Crain’s, Byron, which Exelon characterized as troubled just weeks ago, now “…stands to reap profits of around $26 million even if future energy prices remain this low.”
Had Quad Cities Cleared, It Could Have Made More Than $100 Million – Had Exelon bid at the level they did in the 2016-2017 auction, Quad Cities would have likely received upwards of $100 million in revenue for that year.

BUT THAT’S NOT ALL:

Additional Auction Revenues Coming – On August 31 and September 9th, PJM will announce the results of two additional auctions which are expected to generate hundreds of millions in additional revenue beginning June 2016.

As social service providers are being decimated and legislators are forced to make increasingly painful choices, it’s time for Exelon to stop asking policy makers for $1.6 billion 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 Mayors Know What’s Best For Their Communities

Thursday, Aug 27, 2015 - Posted by Advertising Department

[The following is a paid advertisement.]

Mayors know the importance of our nuclear power plants and are tired of hearing from special interest groups telling them what is best for their communities.

In response to the BEST Coalition’s baseless attacks on Illinois communities and middle class families, current and former mayors from the communities of Minooka, Mount Morris, Braceville, Farmer City, Morris, Byron, Cordova, Wilmington, Clinton, Braidwood, Fulton and Seneca have said:

• “The BEST Coalition has been in Springfield for months peddling misinformation and scare tactics in an attempt to stop a legislative proposal that would help save nearly 8,000 jobs and prevent the decimation of communities across Illinois. Why does the BEST Coalition want to do tremendous harm to our communities? Why does it support the loss of so many middle class Illinois jobs?”

• “The BEST Coalition supposedly stands for ‘better energy solutions for tomorrow,’ and has not offered a single solution to help move Illinois forward. Their sole goal is supporting the premature closure of nuclear energy plants in Illinois. We question the BEST Coalition’s motivations and want to know what they stand to gain by the loss of Illinois jobs, taxes and economic activity.”

• “This organization is funded by companies that stand to profit financially from the closure of Illinois’ nuclear energy plants. The state of Illinois faces serious challenges that require serious solutions and cannot afford to let the greed of special interest groups undermine real policy solutions for Illinois.”

Mayors and elected officials across Illinois support nuclear energy and legislation that could help save jobs and support our economy. Stand with them and urge the BEST Coalition to do the same.

BEST COALITION:
STOP THE BASELESS ATTACKS ON MIDDLE CLASS ILLINOIS FAMILIES.

Learn the facts about our current fleet of nuclear power plants in Illinois at www.NuclearPowersIllinois.com

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