Mike Klonsky's SmallTalk Blog: The bailout of Exelon nukes comes right out of the schools

Mike Klonsky's SmallTalk Blog: The bailout of Exelon nukes comes right out of the schools:

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.

So there you have it. An even swap. Nukes for schools. A win-win for former Exelon CEO Frank Clark who now is president of Chicago's Board of Education and even has a privately-run Noble charter school named after him, as does current Exelon CEO, John Rowe, and Rauner himself.

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: