|
What Isn’t Exelon Telling You about Its Corporate Bailout Legislation?
Thursday, May 28, 2015 - Posted by Advertising Department [The following is a paid advertisement.] Exelon is already getting bailed out by the PJM auction and doesn’t need legislators to vote for a rate increase to bail them out a second time • Exelon will receive hundreds of millions in new annual revenue through a revised PJM electric grid auction to be held later this summer. • Illinois ratepayers will be socked with a rate increase to pay for this new revenue. Exelon is spending billions in other states – often in cash - so what are they planning to do with $1.6 billion from Illinois? • Exelon is spending $6.8 billion IN CASH to purchase Pepco Holdings. • Exelon is offering more than $180 million in refunds, job training and renewable energy programs to Maryland and D.C. ratepayers as part of the Pepco takeover. Exelon opposes subsidies and above-market contracts — except when they’re for Exelon • “We’re saying we don’t want to be subsidized and no one should be subsidized in the competitive markets…” Exelon CEO Chris Crane, 5/13/14 • “Exelon has long believed that there is no need to promote subsidies for proven technologies at any cost, nor for electricity consumers or taxpayers to pay more than required for a clean electricity supply.” – Exelon Website Just say no to the Exelon Bailout. Vote No on SB 1585/HB 3293. 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.
Comments Off |
|
Ask the Insurance Industry “Where’s the money?”
Thursday, May 28, 2015 - Posted by Advertising Department [The following is a paid advertisement.] Two recent studies published by NPR/Pro Publica and the federal Occupational Safety and Health Administration (OSHA) show that nationwide, insurance companies have kept any cost savings from recent workers’ compensation “reforms” for themselves, with profits climbing to 18 percent in 2013 – while middle and lower-income families and taxpayers are paying the price. In 2011 Illinois enacted its own workers’ compensation “reform” package aimed at lowering costs for businesses. Workers gave up longstanding rights and in return, insurance companies were to be transparent with pricing and pass savings along to employers. As it turns out, only the workers kept up their end of the bargain. The National Council on Compensation Insurance (NCCI) is an independent, non-partisan agency comprised of insurance professionals licensed by the Illinois Department of Insurance to assess workers’ compensation in Illinois and make premium rate recommendations to insurers. Since 2011, NCCI has recommended insurance premium reductions totaling nearly 20 percent. The 2011 reforms were projected to save insured employers nearly $1 billion assuming the insurance industry would fully adopt the NCCI recommendations. No matter how many benefits are cut, medical reimbursements are lowered, and claims are denied, the state’s businesses won’t see corresponding savings without our leaders addressing the promises previously broken by the insurance industry. For more about workers’ compensation, click here.
Comments Off |
|
Why Illinois Needs The Low Carbon Portfolio Standard
Thursday, May 28, 2015 - Posted by Advertising Department [The following is a paid advertisement.] The Low Carbon Portfolio Standard (LCPS) is good for Illinois consumers, our economy, our environment, and the reliability of our electric system. The LCPS is a WIN-WIN for all of Illinois’ low carbon sources of energy, which include wind, solar and existing nuclear facilities. Unfortunately, energy policies of the past have failed to properly value Illinois’ nuclear facilities for the economic, reliability and environmental benefits they provide, and as a result, some nuclear facilities may close. If that happens, the consequences of consumers and communities all across the state of Illinois would be catastrophic: • $1.8 billion every year in lost economic activity In fact, the cost to Illinois of allowing nuclear plants to prematurely retire are as much as 12 times greater than the maximum cost of the LCPS, when fully considering increased wholesale power prices, transmission costs, adverse economic impacts, and adverse environmental impacts, according to a State of Illinois report. Low Carbon Portfolio Standard (HB 3293 & SB 1585) Learn more at www.NuclearPowersIllinois.com
Comments Off |
| « NEWER POSTS | PREVIOUS POSTS » |
