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ComEd/Exelon: $1 Billion Guaranteed Profits On $2.4 Billion In Programs

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While Exelon’s $2.6 BILLION nuke bailout “reeks” as the Quad City Times editorialized, perhaps even more outrageous is that ComEd/Exelon’s so-called “Next Generation Energy Plan” GUARANTEES more than $1 billion in profits on program spending of just $2.4 billion for the first 10 years.

Instead of passing-through expenses with no mark-up for programs like energy efficiency, which has been done for years, NGEP forces ratepayers to borrow from ComEd and then pay guaranteed profits with no risk. It’s like a massive statewide predatory lending scheme.

Energy Efficiency: ComEd earns $804 million in guaranteed profits over ten years (NGEP presentation p12).
Solar Rebate: ComEd earns $113 million in guaranteed profits over ten years (NGEP presentation p17). If a person or business invests their own money in solar panels, ComEd receives guaranteed profits on part of that investment.
Microgrids: ComEd earns $106 million in guaranteed profits over ten years (applied rate of return from other programs to Microgrid spending).

In total, ComEd/Exelon’s bailout bill is a $7.74 BILLION RATE HIKE over ten years.

ENOUGH IS ENOUGH.
JUST SAY NO TO THE COMED/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
Thursday, Jun 9, 16 @ 3:05 pm

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