By Jeanne Ives
State Representative, 42nd District
Merry Christmas from the Illinois General Assembly who could not focus on the task at hand - putting a balanced budget together - but had time to bailout a multi-billion dollar company. Sitting in the Governor’s office is a rate hike bill wrapped up in ComEd red-and-white paper, an Exelon blue bow on top, and placed appropriately under the artificial green energy Christmas tree. It will be a good Christmas for millionaire CEOs, certain highly skilled workers and renewable energy advocates.
SB 2814 contemplates significantly rewriting energy policy and returning our market-based energy policy instituted in 1998 back to a more regulated, government directed production and consumption model in a protectionist appeal from large energy companies. Various energy proposals have surfaced over the last 18 months with the primary driver of the legislation coming from Exelon. Exelon is a major supplier of power to both Illinois and the PJM base load capacity market through their operation of six nuclear power plants.