CHICAGO SUN-TIMES: Exelon’s rate-hike proposal is a bad bill
Following a rate hike proposal from Exelon, Aileron teamed with the BEST Coalition to increase awareness of the issue and empower taxpayers to fight back.
A bad bill in Springfield would raise our electricity bills to protect Exelon’s bottom line. The Legislature should either rewrite it significantly or flick the off switch altogether.
Exelon, which operates six nuclear power plants in Illinois, says it needs help because — although it made more than $2 billion last year — it has lost about $1 billion in the past five years on three of its plants: Clinton, Quad Cities and Byron. The nuclear plants are having a hard time competing in the marketplace partly because plentiful supplies have driven down the price of natural gas.