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UPDATE: $580 MILLION EXELON RATE HIKE?? Do They Really Need a Bailout After Making Nearly $1 BILLION In The Last 90 Days?
Wednesday, Nov 12, 2014 - Posted by Advertising Department [The following is a paid advertisement.] “Chicago-based Exelon’s profit rose 26 percent in the third quarter…The country’s largest owner of nuclear power plants, Exelon reported net income of $993 million…”[Chicago Tribune, October 29, 2014 – emphasis added] Just this past week, a Crain’s analysis revealed that contrary to their claims, Exelon may not be in dire straits after all: “The analysis…raises questions about whether the state effectively will be asked to compel ratepayers to subsidize a profitable enterprise.” [Crain’s, October 27, 2014 – emphasis added] Illinois’ businesses and citizens are still struggling. The last thing we need is a massive rate increase to bail out Exelon nuclear plants built during the Nixon administration and already paid for several times by ratepayers. Even ComEd, Exelon’s own sister company, doesn’t agree with subsidized generation at above-market prices: “ComEd has long believed that competitive markets will work in the best interests of our customers…so we are concerned about the negative impact on our customers from a requirement that would force utilities to buy subsidized generation at above-market prices.” [Crain’s Chicago Business, November 20, 2013] Just Say No To Exelon’s $580 Million Rate Hike!!
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Clean Energy Employs Nearly 100,000 Illinoisans; 9,000 More Next Year. How Many More Clean Energy Jobs Would Illinois Have If Springfield Did Its Job?
Wednesday, Nov 12, 2014 - Posted by Advertising Department [The following is a paid advertisement.] Nearly 100,000 workers in Illinois are employed in clean energy jobs. The clean energy industry – including renewable energy and energy efficiency – is roughly the size of Illinois’ real estate and accounting industries combined. Illinois’ clean energy industry is a growth-stage industry, with an average firm size of six employees and projected employment growth of 9% every year. Clean energy workers are manufacturing wind and solar equipment, building and operating clean energy projects and installing and upgrading energy efficiency systems. Thanks to these jobs, Illinois families and businesses are saving energy and cutting their electricity bills. No wonder voters overwhelmingly back clean energy:
• 75% see renewable energy and energy efficiency as secure, reliable and affordable. • More than 65% recognize renewable energy and energy efficiency as sources of job creation. • More than 68% recognize that renewable energy and energy efficiency stabilize or reduce energy costs. The message from Illinoisans is clear: Voters want legislators to prioritize voter-supported renewable energy and energy efficiency, supporting policies that maximize Illinois clean energy jobs. Data from survey conducted by a bipartisan research team of Fairbank, Maslin, Maullin, Metz & Associates (FM3) and Public Opinion Strategies. More info on this poll is available at ilenviro.org/cleanenergypoll.
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Ride-sharing: Close the Insurance Gap that Leaves Everyone Vulnerable
Wednesday, Nov 12, 2014 - Posted by Advertising Department [The following is a paid advertisement.] The Illinois Insurance Association and the Property Casualty Insurers Association of America urge lawmakers to override Governor Pat Quinn’s veto of HB 4075 & 5331. While we support innovation and welcome new transportation choices in the marketplace, consumer safety is of utmost concern. It is vitally important that the vehicles used by commercial ride-sharing services are properly insured and the public protected in the event of an accident. HB 4075 and 5331 are needed in Illinois to clarify what insurance coverage is being provided and when. There should be a uniform statewide approach to protecting consumers to avoid the creation of a confusing and costly patchwork of local regulations. Without these bills, there will continue to be uncertainty whether there is proper coverage for injuries or damage arising out of an accident. Uber and Lyft supported statewide legislation in California and Colorado which requires primary insurance coverage from when the app is turned on until it is turned off. They should provide Illinoisans this same type of protection. Override the veto and provide clear consistent statewide rules that don’t leave policyholders or accident victims in the lurch because of coverage disputes.
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