ComEd – Not Called the “Power Company” for Nothing

Commonwealth Edison is bellying up to the Springfield bar for another shot of higher electric rates.

Bailing out their nuclear power plants yet again.

Here are two articles explaining the “ask”:

Study Urges $350 Million Nuclear Bailout For Exelon – WBEZ (Chicago)

The study represents an important marker by the governor’s office about how far it’s willing to go in helping the power-generating company prop up its financially ailing Dresden and Byron nuclear plants during the ongoing spring legislative session in Springfield.

Subsidizing 2 more Exelon nuclear plants key to meeting Pritzker’s climate goals, audit finds THURSDAY, APR 15

After Gov. Pritzker blocked a new round of ratepayer subsidies last year, ComEd’s parent company announced plans to close two of the state’s nuclear plants. It surely felt like a test of wills between, pardon the pun, two power players.Now a new audit commissioned by the Democratic governor’s office — Tribune ace Michael Hawthorne obtained a redacted copy — could pave the way for a compromise deal.

Expect the legislators and Governor JB Pritzker to cave and expect your electric rates to climb.


Comments

ComEd – Not Called the “Power Company” for Nothing — 2 Comments

  1. Sure, let’s give them whatever they whine for, just like the degenerate teachers’ unions!

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