The bailout of Exelon nukes comes right out of the schools
|Jobs creators -- 30 years after the nuclear meltdown, the Great Arch at Chernobyl is finally completed.|
Natasha Korecki in this morning's IL Playbook:
It’s probably fitting that the Legislative veto session concluded Thursday with just about everyone going nuclear. Gov. Bruce Rauner dropped the first bomb by vetoing a Chicago Public Schools bill that blows a $215 million hole into the school’s budget... Then there were the actual nukes. A bitterly divisive Legislature came together to pass a massive bailout of two unprofitable nuclear plants...Almost the exact amount...
The measure provides Exelon with $235 million a year as a reward for the carbon-free energy its nuclear reactors produce — a prize Exelon argued it was just as entitled to as the "clean" energy producing wind and solar industries. Without the money — financed by an increase in electric rates — the company threatened to close nuclear plants in Clinton and the Quad Cities.Yes, "carbon-free." Tell it to the people of Fukushima, Chernobyl, or Three Mile Island. Yes, a taxpayer bailout for nuclear giant Exelon, who raked in $29.45B in revenue last year. Yes, another assault on teacher pension funds.
|CPS Board Pres. Frank Clark.|
I'm sure Democrats in the Legislature and environmental Mike Klonsky's SmallTalk Blog: The bailout of Exelon nukes comes right out of the schools: