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ComEd/Exelon: $1 Billion Guaranteed Profits On $2.4 Billion In Programs
Tuesday, May 31, 2016 - Posted by Advertising Department [The following is a paid advertisement.] While Exelon’s $2.6 BILLION nuke bailout “reeks” as the Quad City Times editorialized, perhaps even more outrageous is that ComEd/Exelon’s so-called “Next Generation Energy Plan” GUARANTEES more than $1 billion in profits on program spending of just $2.4 billion for the first 10 years. Instead of passing-through expenses with no mark-up for programs like energy efficiency, which has been done for years, NGEP forces ratepayers to borrow from ComEd and then pay guaranteed profits with no risk. It’s like a massive statewide predatory lending scheme.
In total, ComEd/Exelon’s bailout bill is a $7.74 BILLION RATE HIKE over ten years.
ENOUGH IS ENOUGH.
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Closing Illinois’ Nuclear Facilities Will Devastate Our Economy and Environment
Tuesday, May 31, 2016 - Posted by Advertising Department [The following is a paid advertisement.] Two nuclear plants in Illinois are on the brink of closing. While some have argued Illinois should do nothing, the costs of inaction would be devastating to the state’s economy, consumers, workers and our environment. What would it mean? According to an independent State of Illinois report, these plants closing will result in:
• Major Economic and Job Losses – $1.2 billion annually in lost economic activity in Illinois and more than 4,200 highly skilled, good paying, full-time jobs lost. • Huge Environmental Costs – An increase in carbon emissions by more than 20 million metric tons – the equivalent of putting more than 4 million cars on the road. The societal costs of the increased emissions would reach nearly $10 billion between 2020 and 2029. Fortunately, the Next Generation Energy Plan will help preserve these plants. This legislation’s economic and environmental benefits for Illinois far outweigh the costs of inaction. Illinois can’t afford to wait. Members of the Illinois General Assembly: Vote YES on the Next Generation Energy Plan by May 31st, before it’s too late. Learn more: http://www.nextgenerationenergyplan.com/
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