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SB103 Protects Consumers and Fixes the Renewable Portfolio Standard
Tuesday, May 14, 2013 - Posted by Advertising Department [The following is a paid advertisement.] Billions Invested in Illinois Passed in 2007, Illinois’ renewable portfolio standard (RPS) requires 25% of the state’s power to come from renewable sources by 2025. To date the RPS has attracted more than $5 billion in investment, created thousands of jobs and cut wholesale power costs, according to the Illinois Power Agency (IPA). Unintended Conflict Broke the Law As reported on the front page of Monday’s Chicago Tribune (“Energy Fund Lacks Power”, May 13, 2013) and in Crain’s Chicago Business (“A Mighty Wind Problem”, April 8, 2013), because of a conflict with the municipal aggregation tidal wave, the RPS law has broken down as “customers of the state’s two major electric utilities defected en masse.” A No-Cost Fix SB 103 contains a simple solution to resolve this problem. Rate caps remain in force and increased efficiencies ensure no additional costs for ratepayers or utilities. $4.7 Billion Dollars in Illinois Investment at Risk Renewable developers have more than $4.7 billion in Illinois projects ready for development. Unless the RPS is fixed, billions in investments and thousands of jobs will remain on the drawing board. Fix the RPS - Vote Yes on SB 103
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Credit Union (noun) – volunteer led, locally owned, democratically controlled cooperatives
Tuesday, May 14, 2013 - Posted by Advertising Department [The following is a paid advertisement.] As financial cooperatives, credit unions function as economic democracies. Every customer is both a member and an owner. Each member has the opportunity to vote in electing board members and members also run for election to the board. A credit union’s board of directors consists of unpaid volunteers, elected by and from the membership – everyday people like you. Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to members in the form of lower loan rates, higher interest on deposits, and lower fees. Board members serve voluntarily. Speaking of volunteering, the credit union “People Helping People” philosophy motivates credit unions to get involved in countless community charitable activities and worthwhile causes. A credit union’s goal is to serve all members well, including those of modest means - every member counts. Credit unions exist solely for this reason, not to make a profit. Members know their credit union will be there for them in challenging times, as well as good – which is the reason why members are so fiercely loyal.
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