Exelon’s allegedly uneconomic Byron reactors. Photo from wikipedia.
Exelon, the nation’s largest nuclear power utility, has upped the ante in its quest for a bailout from the Illinois legislature, saying it has “to have an answer” by September as to whether Illinois ratepayers are going to pay more for their electricity just because it’s from nuclear power.
Although Exelon consistently has refused to publicly release any of the relevant financial information to back up its claims that some of its reactors are losing money, the utility now claims that, as E & E put it, “the month of September represents decision day for Exelon.”
Top Exelon lobbyist Joe Dominguez said, “At the end of the day, the choice is whether to save the plants or not.”
That argument is falling on increasingly deaf ears in Illinois, in light of Exelon’s refusal to turn over financial data and where Exelon’s Clinton reactor already got a boost from a recent capacity auction.
As Cara Hendrickson of the Illinois Attorney General’s office said, “What this bill does is disrupt that market. It puts a thumb on the scales,” she said. “Basically, it’s ‘Heads up, Exelon wins. Tails up, Exelon wins.’ That’s not a free market. It’s a bailout.”
It’s growing more and more possible that Exelon has overreached and its argument that people should may more for electricity than they otherwise would have to just to receive the alleged “benefits” of nuclear power–benefits far outweighed by its drawbacks–just won’t fly. Deservedly so.
But it will still require more outreach, organizing and action. NIRS’ action page to the state legislature is here; make sure every single person you can reach in Illinois gets the url: http://org2.salsalabs.com/o/5502/p/dia/action3/common/public/?action_KEY=19803
May 1, 2015
Your contributions make publication of GreenWorld possible. If you value GreenWorld, please make a tax-deductible donation here and ensure our continued publication. We gratefully appreciate every donation of any size.
Comments are welcome on all GreenWorld posts! Say your piece. Start a discussion. Don’t be shy; this blog is for you.
If you’d like to receive GreenWorld via e-mail, send your name and e-mail address to email@example.com and we’ll send you an invitation. Note that the invitation will come from a GreenWorld@wordpress.com address and not a nirs.org address, so watch for it. Or just put your e-mail address into the box in the right-hand column.
If you like GreenWorld, help us reach more people. Just use the icons below to “like” our posts and to share them on the various social networking sites you use. And if you don’t like GreenWorld, please let us know that too. Send an e-mail with your comments/complaints/compliments to firstname.lastname@example.org. Thank you!
GreenWorld is crossposted on tumblr at https://www.tumblr.com/blog/nirsnet
Read more here:: http://safeenergy.org/2015/05/01/exelon-presses-its-luck/