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[The following is a paid advertisement.]
Opponents of SB 678 and the Taylorville Energy Center have a math problem.
Since Illinois law limits any rate increase associated with the project to 2.015% over 30 years, or about $1.67/month for a “typical residential customer” according to the ICC, their math has to be pretty creative to scare the public.
After all, if they were honest and said, “it may cost you less than a ½ gallon of gas per month,” few people would be too concerned. Instead they’ve unleashed their robocall invasion around the state to scare seniors into believing electric bills will go up NINE times, which is only an 898% exaggeration.
And because an 898% exaggeration wasn’t enough, last month Exelon paid $40,000 for a bogus study claiming the Taylorville rate impact has spiked.
The Truth?
While projected natural gas and power price decreases have caused a modest rate impact increase, 40% lower interest rates (which will save the project nearly $900 million over 30 years) have more than offset any increased rate impact.
Remember the SJR warning:
“ComEd would do anything necessary to protect its bottom line and keep competition away, no matter how much hyperbole and alarmism was necessary.”
Springfield Journal-Register Editorial – September 13, 2011
So next time the Exelon-funded STOP coalition tries to scare you and your constituents about SB 678 and Tenaska, remember: there they go again.
posted by Advertising Department
Friday, Apr 20, 12 @ 8:51 am
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Previous Post: Friday’s baseball open thread
Next Post: SUBSCRIBERS ONLY - Supplement to today’s edition and a Statehouse roundup
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