A Bailout Is A Bailout
Monday, Apr 6, 2015 - Posted by Advertising Department [The following is a paid advertisement.] “ComEd has long believed that competitive markets will work in the best interests of our customers. So we are concerned about the negative impact on our customers from a requirement that would force utilities to buy subsidized generation at above-market prices.” (Crain’s, February 28, 2013) Exelon’s Bailout Legislation is Gross Overreach- Exelon has asserted, but not proven, it needs a bailout for three of its Illinois nuclear facilities yet proposed a subsidy for all six Illinois nukes. No Faith Based Bailouts - Exelon has refused to disclose any information to prove their plants will be in trouble. Federal Bailout for Exelon Later this Spring – The coming grid auction, under new rules Exelon lobbied for, is expected to generate hundreds of millions of dollars per year for Exelon’s Illinois nuclear plants. Ratepayer Impact Too Great – The Exelon legislation is going to cost struggling Illinois businesses and consumers $1.6 billion in rate increases over the next five years. Proposed Solution Not “Market-Based” – The Exelon legislation contains restrictions to ensure only Exelon’s nuclear plants qualify. Just say no to the Exelon Bailout! Vote no on SB 1585/HB 3293. For more information, go to www.noexelonbailout.com
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Case Study: Wisconsin
Thursday, Apr 2, 2015 - Posted by Advertising Department Curious what happens when a nuclear plant is shut down prematurely? Two years ago, the State of Wisconsin found out first hand when the Kewaunee Power Station was unexpectedly and permanently closed down. The following is excerpted from a 2014 Bloomberg article about the plant’s closure.
“The Wisconsin facility was the largest employer in Kewaunee County… About 630 people worked at the plant before it closed last year. Now, about 260 work on mothballing it. By October, only 140 will.” ‘They were the highest-paying jobs in the county, and a big chunk of that was flowing through the economy,’ said Ron Heuer, chairman of the county board of commissioners.” “The consequences can be sudden and drastic, affecting school funding, real-estate values and economic development that were linked to the facilities.” “Carlton will lose about $360,000 in annual revenue, roughly 70 percent of its $515,000 budget…” “There’s a glut of homes for sale, with a 25 percent to 30 percent increase in houses on the market… ”Members of the General Assembly: Don’t let this happen in Illinois. The fact is, three of Illinois’ six nuclear plants are at risk of closing, and the consequences of these closures are catastrophic: • $1.8 billion every year in lost economic activity Only one legislative solution - the Illinois Low Carbon Portfolio Standard (LCPS) - would help prevent these closures. The LCPS is good for Illinois consumers, good for our economy and good for our environment. VOTE YES ON HB 3293 / SB 1585 Learn more at www.NuclearPowersIllinois.com
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What would the environment be like without the civil justice system?
Thursday, Apr 2, 2015 - Posted by Advertising Department [The following is a paid advertisement.] Laws passed in the 1960s and 1970s were supposed to protect the environment, but lax enforcement left corporations with little incentive to comply. Ultimately, trial attorneys were the ones who sought justice for communities destroyed by corporate polluters. More than 50 million U.S. residents live with unhealthy air, despite the passage of the Clean Air Act. As many as 49 million Americans have water supplies that contain levels of arsenic, radioactive substance and coliform bacteria. U.S. corporations produce more than 25 billion pounds of hazardous waste every year. Trial attorneys have worked on behalf of targeted communities to force corporations to be held accountable for the contaminants they have dumped in groundwater, rivers and streams. Trial attorneys have led the fight those who have been injured and sickened by corporate attempts to evade their negligence. Without the civil justice system, many corporate polluters would never have been held accountable for the disasters they caused. For more information, click here.
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The Credit Union Difference
Thursday, Apr 2, 2015 - Posted by Advertising Department
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Good morning and see you later
Thursday, Apr 2, 2015 - Posted by Rich Miller * I’m shutting down the blog until next week. There could be random posts, and all the live feeds will be left on (of course), but unless something big happens comments will remained closed. I’m not yet sure when I’ll be back online, but I’ll let you know. Meanwhile, this is awesome news…
* Obviously, the Stones will play us out… I am just living to be lying by your side
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