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Gaming the system or technology neutral?

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[The following is a paid advertisement.]

Exelon has repeatedly claimed their $1.5 billion bailout bill, the so-called “Low Carbon Portfolio Standard,” is actually “a technology-neutral policy that rewards all low carbon resources equally within a competitive market framework.” Is it?

The following exclusions are contained in the legislation:

• No projects “whose costs were being recovered through State-regulated rates as of January 1, 2015” (Exelon’s plants were built with ratepayer funds and paid off long ago)
• No projects with power purchase agreements longer than five years (how most independent projects are built)
• No hydro power larger than three megawatts
• No project unless registered in “Generation Attribute Tracking System”
• Must meet “Minimum Internal Resource Requirements”

Crain’s put it best:

“the bill places such great limits on bidders other than Exelon’s Illinois nukes that Exelon is highly likely to win most if not all of the credits…the nukes by themselves could meet the state’s new standard.” [Crain’s, February 26, 2015 – emphasis added]

Exelon’s $1.5 Billion bailout bill ensures only Exelon will benefit. Or as the Belleville News Democrat said:

“State lawmakers need to see this bill for the dirty trick it is and kill it.”

VOTE NO on SB1585/HB2393

Go to www.noexelonbailout.com for more information and listen to our new radio ad here…

posted by Advertising Department
Thursday, Mar 26, 15 @ 10:38 am

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