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Exelon, How Dumb Do You Think We Are?
Thursday, May 26, 2016 - Posted by Advertising Department
Last year, Exelon claimed they needed a $300 million bailout spread across six plants. This year, their new bailout plan calls for…wait for it…$250 million for only two plants (Crain’s: Ratepayers could be on hook for $250 Million for Exelon’s nukes). Wait. What? Last year they said Clinton and Quad Cities’ share of the bailout (about $70 million), would keep those plants running for at least five years. Now, instead of $70 million, those two plants need $250 million. Are you kidding me? So let’s review. In just three weeks, Exelon is caught deceiving lawmakers - pleading poverty as they bragged to Wall Street. Then they’re caught again – zeroing out RPS funding even as they claimed to be fixing RPS funding. And now, their ask for just these two plants has more than quadrupled. But wait, there’s more. This bill guarantees that ratepayers will pay Exelon – a company that made more than $2 billion last year - huge profits (estimated at $110 million by Crain’s). The company defended this by saying “Exelon is a business, and like any business, it must sufficiently cover its costs and provide a return on capital investment that fully reflects business risks,” ENOUGH IS ENOUGH.
BEST Coalition is a 501C4 nonprofit group of dozens of business, consumer and government groups, as well as large and small businesses. Visit www.noexelonbailout.com.
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Illinios Mayors Call On “Best” Coalition To Stop Fighting Illinois Communities
Thursday, May 26, 2016 - Posted by Advertising Department [The following is a paid advertisement.] The BEST Coalition has been in Springfield for nearly two years, spreading misinformation and hiding their own self-interests, in an attempt to stop legislation that would preserve and create thousands of jobs and prevent the economic destruction of communities across Illinois. Their ongoing efforts raise a number of questions that warrant answers. Why does the BEST Coalition want our communities to lose so many jobs, the state to lose billions of dollars in economic activity, and our air to be dirtier? Who is funding the BEST Coalition and how much do they stand to gain by killing legislation that is so important to our State and its communities? The bipartisan effort to enact comprehensive energy legislation in the form of the Next Generation Energy Plan is not about Exelon, it is about securing Illinois’ economy and clean energy future. The livelihoods, the social programs, and the overall well-being of communities where nuclear power plants have been a good neighbor, are secured for the future by this legislation and its Zero Emission Standard. Signed, Jim Homa, Village President of Braceville
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Rivers Casino Needs to Drop its Unsavory Political Tactics Against Fantasy Sports
Thursday, May 26, 2016 - Posted by Advertising Department [The following is a paid advertisement.] Illinoisans who enjoy fantasy sports deserve to know what’s transpiring behind the scenes in Springfield, and where the single largest threat to the passage of fantasy sports regulation is coming from: it’s Rivers Casino in Des Plaines. Rivers says it’s all about protecting their turf, but there is no evidence that players spend less time or money at casinos because they participate in fantasy sports contests. The Rivers political strategy is to attach internet gambling to a fantasy sports bill. They have not been successful, so they are working back-room politics to kill the fantasy sports bill, unless they get what they want. My career and my colleagues’ careers rely on the fantasy sports industry. We need legal clarity and certainty to grow and expand our business – that’s exactly what this bill offers. It reflects thoughtful and appropriate regulation, and the level of consumer protections are among the safest in the country. Rivers Casino needs to drop its unsavory political tactics and allow the bill to have a clean vote. (Read the entire commentary in Reboot Illinois) Jay Correia
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Fantasy Sports Is Internet Gaming
Thursday, May 26, 2016 - Posted by Advertising Department [The following is a paid advertisement.] The daily fantasy sports gambling industry is pressuring officials to pass a bailout that actually costs taxpayers. According to COGFA these Internet gaming giants would each pay just $900,000 in state taxes, but they could afford $500 million in television ads last year. Taxpayers may actually have to subsidize regulating online sports wagering. The Illinois Gaming Board doesn’t know how much it will cost to oversee this new form of online gaming. The state is facing an unprecedented budget crisis, but two out-of-state companies, which the Attorney General said broke law, want you to give them valuable Internet gaming licenses. Everyone but paid fantasy sports operators agree, it’s gambling:
• Attorneys General across the country decided it’s been illegal gambling • NFL great Joe Namath says it’s gambling • The Chicago Crime Commission believes it’s gambling Proponents are telling elected officials a fantasy, but the budget crisis is real. Don’t make it worse and pass a fantasy sports bailout that actually costs the state money.
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