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Three Strikes and “You’re Outta Here!” for the Taylorville Energy Center
Tuesday, Nov 8, 2011 - Posted by Advertising Department [The following is a paid advertisement.] Three different times, the Illinois legislature has rejected Tenaska’s proposed Taylorville Energy Center, which would have us pay up to SEVEN TIMES today’s market price for electricity for a power plant we don’t need. After three strikes, legislators should say, “You’re Outta Here!” to the Taylorville Energy Center. Here’s why:
• Illinois job creators would bear the risk and absorb most of the costs from the Taylorville Energy Center. This project would be costly even if built on schedule and on budget, but consider that a similar coal-gasification project in Indiana has racked up a full $1 billion in cost overruns! Predictably, the plant’s owners are passing most of the costs on to Indiana consumers. • Tenaska wants Illinois consumers to pay even if the Taylorville Energy Center never produces more than a single megawatt of power. • Power from the Taylorville Energy Center would be one costly drop in a big bucket. The plant’s 544 megawatts would add only two-tenths of one percent to the overall amount of power generation capacity available to Illinois, at a price tag of at least $8.6 billion. Please take a moment to let your legislator know that you oppose the Taylorville Energy Center. Visit www.STOPCoalition.com to learn more.
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Reckless Pension Bill Would Cost Illinois Billions
Tuesday, Nov 8, 2011 - Posted by Advertising Department [The following is a paid advertisement.] A group of wealthy Chicago businesspeople has been masquerading as economic experts under an organization called “Illinois is Broke,” pinning the blame for the state’s budget problems on the modest pensions earned by teachers, nurses and other public employees. It’s ironic on two levels. First, Senate Bill 512–the pension legislation put forth by “Illinois is Broke”–would make Illinois even more broke. Buck Consultants, one of the world’s leading actuarial firms – true pension experts –analyzed the legislation, concluding it would actually cost taxpayers an additional $34 billion. (Read here for more details.) The State Journal-Register raised serous questions about the cost of the legislation yesterday, which would be a disaster for Illinois taxpayers. Second, the premise that modest pensions earned by public employees caused the state’s budget problems is flat out wrong. Whether they are police or fire fighters, teachers or caregivers, these working men and women have contributed to their pensions from every paycheck. It’s the politicians who failed to make their payments. Illinois is Broke: Intentionally deceitful? Or just painfully incompetent? Either way, their reckless legislation should not be taken seriously. For more information, please visit www.WeAreOneIllinois.org.
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