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Energy Newsflash: Exelon Demands Largest Rate Hike In US History

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[The following is a paid advertisement.]

It just keeps…Getting…BIGGER!

FIRST Exelon demanded a $2.6 billion Low Carbon Portfolio Standard, then they increased the cost to $8 BILLION with the “Next Generation Energy Plan.” Now, Exelon demands legislators pass the LARGEST RATE HIKE IN US HISTORY – the $24 BILLION “Future Energy Jobs Bill”, adding BILLIONS for downstate Dynegy plants that burn Wyoming coal – not even Illinois coal.

The $24 BILLION rate increase will provide a subsidy for nuclear and coal plants that would have otherwise closed because they are no longer competitive in the Illinois market. Last year Illinois generated 41% more power than we needed even as demand continued to shrink.

As Crain’s recently pointed out in their editorial, “Illinois ratepayers will effectively be paying more so ratepayers in other states who use our surplus power will pay less. And that’s just another incentive for commercial and industrial consumers – and employers – to jump the border.”

This $24 BILLION energy tax on the Illinois economy will hurt consumers and businesses. It is opposed by Illinois’ leading consumer groups including AARP and the Attorney General’s office.

Illinois can’t solve the budget crisis but it’s considering a $24 billion energy tax????

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
Tuesday, Nov 15, 16 @ 3:40 pm

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