Friday, Apr 23, 2021 Tanking for labor when you’re about to run statewide is a good idea. But positioning yourself as the sponsor of a more generous than perhaps needed Exelon/ComEd bailout? I suppose we’re gonna find out…
State lawmakers sponsoring a union-backed proposal that could raise ComEd customers’ bills sought to poke holes Thursday in a study commissioned by Gov. J.B. Pritzker’s office that argues for smaller subsidies for two nuclear plants owned by the utility’s parent company.
During a Senate committee hearing Thursday, Democratic Sen. Michael Hastings of Frankfort and Republican Sen. Sue Rezin of Morris, both sponsors of the labor-backed energy bill, questioned the assumptions in the governor’s audit and the credibility of the outside experts hired to prepare it. […]
Supporters of union-backed energy bill that benefits ComEd question audit from Gov J B Pritzker s office that called for lower nuclear plant subsidies
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Supporters of union-backed energy bill that benefits ComEd question audit from Gov J B Pritzker s office that called for lower nuclear plant subsidies
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20 April 2021
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An independent financial audit requested by the state of Illinois has found the Byron and Dresden nuclear power plants face real risk of becoming uneconomic in the near term. State support could help provide security for the plants to be part of a strategy for Illinois to transition to less carbon-emitting resources, the report finds.
Exelon s six nuclear plants in Illinois (Image: Exelon)
Exelon Generation announced last year that the two-unit Byron and Dresden nuclear power plants will both be retired in 2021, citing unfavourable market rules in the the PJM capacity auction. The company at that time warned that further plants would also be at risk of premature closure due to these unfavourable market rules. The Illinois Environmental Protection Agency in January appointed Cambridge, Massachusetts-based Synapse Energy Economics Inc to carry out the audit of claims by Exelon Corporation about the financial outlook for its Byron, Dresden, Braidwood and LaSal