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Critics of SB 678 suggest the closure of hundreds of coal plants is a non-issue. But is it?

At an ICC hearing in Chicago yesterday on this supposedly “nonexistent problem,” the CEO of MISO, one of Illinois’ two power grids, said, “Environmental regulations pose a serious threat to the deliverability of reliable low-cost energy.” John Bear, CEO MISO.

Industry analysts expect Illinois to lose up to HALF of its coal plants, which currently provide 45% of Illinois electricity. 239 coal plants (40 GIGAWATTS) have already announced they will close because of the new EPA rules.

While closing old plants may be good for the environment, the cost of doing nothing in response to these closures is high. A recent Chicago Tribune story found:

“Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.”

According to CUB, consumers ARE ALREADY GOING TO PAY between “$107 and $178 a year” more beginning in June, 2014 because of a recent energy auction.

The problem is real and Illinois legislators have a choice.

The Comprehensive Energy Efficiency and Investment Act is supported by a diverse coalition of consumer, environment, labor and business groups because it will both cut demand and increase supply to help offset these closures. It will also create at least 16,000 direct and indirect jobs, according to a University of Illinois study.

The cost of doing nothing is too high.

Vote Yes on SB 678.