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Illinois lawmakers ready t o subsidise nuc lear power stations

Illinois lawmakers move ahead with bill to benefit nuclear power plants, The Neighbour, By Cole Lauterbach | Watchdog.org, 29Mar19,  Illinois lawmakers have set the wheels in motion to allow for power provider Exelon’s nuclear fleet, as well as wind and solar power providers, to sell energy to a state authority that opponents say will give it preferential pricing over coal and natural gas sources.

Testimony about how the legislation would affect costs for ComEd ratepayers differed, so what it means for consumers isn’t clear.

The move is a response to wholesale power grid operator PJM Interconnection Inc. separating Exelon’s nuclear power from other sources’ bids because Exelon gets subsidies from the state and would be able to undercut coal plants and others looking to sell energy commitments on the wholesale power market……..

The Future Energy Jobs Act, passed in 2016, allowed Exelon to receive state tax credits by classifying nuclear as a green form of energy. This allowed them to update two generating stations that they said were in risk of closure …….

A study sponsored by AARP Illinois, The Building Owners and Managers Association of Chicago and the Chemical Industry Council of Illinois released Monday estimates that Illinois ratepayers will see price increases of $19.4 billion between 2013 and 2027…….https://www.mdjonline.com/neighbor_newspapers/extra/news/illinois-lawmakers-move-ahead-with-bill-to-benefit-nuclear-power/article_adff7f3c-257e-596e-9345-96a06aa633af.html

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March 30, 2019 - Posted by | politics, USA

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