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Exelon Subsidy Negotiations At Impasse With Labor Urging Gov. To Consider Nuke Jobs, Climate Goals


Credit Illinois Public Radio
With two more days until the scheduled adjournment of the General Assembly’s spring legislative session, negotiations on a high-stakes deal to steer Illinois away from carbon-causing energy sources as well as a host of other goals from ending controversial formula ratemaking and forcing ethics reforms as a utility-involved corruption investigation looms large have reached impasse, according to multiple sources engaged in bargaining.
As of Saturday night, parties remain far apart on the linchpin of the deal: how much the state should provide in subsidies for nuclear giant Exelon to prevent the company from the threatened closures of at least two, if not three, of Exelon’s six nuclear power generating stations that are not profitable. Those six locations serve the northern half of Illinois, which contains the majority of the state’s 12.8 million people. ....

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