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Nuclear company Exelon’s amazing influence over President Obama

Exelon, “Obama’s Utility” Has Amazing Influence in the White House- Energy the “Chicago Way” Against Crony Capitalism,  August 23, 2012 by Nick Sorrentino “……Exelon, the nuclear electrical utility based out of, you guessed it- Chicago, has the inside track at the White House. This special access appears to have influenced regulation which has hammered competitors of Exelon, helped Exelon garner very favorable DOE loans, and may have even influenced whether Exelon competitors were able to build power plants. (From The New York Times)

“Exelon’s top executives were early and frequent supporters of Mr. Obama as he rose from the Illinois State Senate to the White House. John W. Rogers Jr., a friend of the president’s and one of his top fund-raisers, is an Exelon board member. David Axelrod, Mr. Obama’s longtime political strategist, once worked as an Exelon consultant, and Rahm Emanuel, the Chicago mayor and Mr. Obama’s former chief of staff, helped create the company through a corporate merger in 2000 while working as an investment banker.

With energy an increasingly pivotal issue for the Obama White House, a review of Exelon’s relationship with the administration shows how familiarity has helped foster access at the upper reaches of government and how, in some cases, the outcome has been favorable for Exelon.”  http://www.againstcronycapitalism.org/2012/08/exelon-obamas-utility-has-amazing-influence-in-the-white-house-energy-the-chicago-way/

September 28, 2012 - Posted by Christina Macpherson | politics, USA