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Why Illinois Needs The Low Carbon Portfolio Standard

Posted in:

• Illinois
• Advertising

[The following is a paid advertisement.]

The Low Carbon Portfolio Standard (LCPS) (SB 1585) is good for Illinois consumers, our economy, our environment, and the reliability of our electric system. The LCPS is a WIN-WIN for all of Illinois’ low carbon sources of energy, which include wind, solar and existing nuclear facilities.

Unfortunately, energy policies of the past have failed to properly value Illinois’ nuclear facilities for the economic, reliability and environmental benefits they provide, and as a result, some nuclear facilities may close. If that happens, the consequences for consumers and communities all across the State of Illinois would be catastrophic:

• $1.8 billion every year in lost economic activity
• Nearly 8,000 highly skilled jobs
• Up to $500 million annually in higher energy costs statewide, according to a PJM analysis
• $1.1 billion per year due to increases in carbon and other pollutants
• Hundreds of millions of dollars to construct new transmission lines

In fact, the cost to Illinois of allowing nuclear plants to prematurely retire are as much as 12 times greater than the maximum cost of the LCPS, when fully considering increased wholesale power prices, transmission costs, adverse economic impacts, and adverse environmental impacts, according to a State of Illinois report.

Learn more at www.NuclearPowersIllinois.com

posted by Advertising Department
Tuesday, Mar 24, 15 @ 10:35 am

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Previous Post: Rauner reacts to two union-related developments
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