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Ever Feel Like We’re Being Set Up By Exelon?

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[The following is a paid advertisement.]

Exelon has been dropping not so subtle hints lately that it’s about to close its Quad Cities plant unless it gets a bailout. They’re complaining the plant is losing money. They’re complaining the energy market is getting worse.

But here’s what they’re not telling you:

• Exelon Profitability Grows: In the last six months alone, Exelon, the company that claims it needs a bailout has reported more than $1.3 BILLION in PROFITS.

• PJM Capacity Auction Revenues Substantial: The PJM grid operator that includes the ComEd service territory is conducting three auctions for “capacity”. These auctions will pay winning power companies hundreds of millions of dollars in additional revenue starting in June 2016.

• Carbon Regulations Likely To Boost Revenues: The US EPA finalized its rule restricting carbon emissions which will likely close some Illinois coal plants, resulting in higher prices for electricity and more revenue for Exelon.

EVEN IF EXELON ANNOUNCES IT’S CLOSING QUAD CITIES, IT’S NOT THAT SIMPLE

• No Closure Possible Before June 2017: because Exelon has already sold its Quad Cities power through that period.

• PJM Reliability Study Before Closure: If Exelon notifies PJM it is planning to close a plant, PJM will launch a study to determine if that plant is needed for grid reliability.

• Must-run Contract to Ensure Reliability: If PJM determines Quad Cities is needed for reliability, Exelon will receive a “must-run” contract which will keep the plant open and pay Exelon its costs plus a guaranteed profit for a number of years.

Just Say “NO” to the Exelon Bailout

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.

posted by Advertising Department
Wednesday, Aug 19, 15 @ 3:23 pm

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