Illinois
Ratepayer advocates challenged the PJM board to take action against Exelon and FirstEnergy, accused of bribing legislators in Illinois and Ohio, respectively.
Illinois Gov. J.B. Pritzker emphasized the need for collaboration with the RTO and its stakeholders in his state’s transition to cleaner energy.
Exelon (NASDAQ: EXC) will close 2 Illinois nuclear plants that face hundreds of millions of dollars of revenue shortfalls.
Illinois electric customers filed a federal civil racketeering lawsuit against ComEd and House Speaker Michael Madigan, seeking $450M in damages.
The Illinois Commerce Commission questioned ComEd officials over the company’s agreement to pay a $200 million fine to settle bribery allegations.
ComEd admitted it bribed Ill. House Speaker Michael Madigan in return for legislative support, what one involved called an "old time patronage system."
Exelon’s ComEd agreed to pay a $200 million fine to settle allegations it bribed Illinois House Speaker Michael Madigan in return for legislation favor.
Analyses that predict increased costs for regions that exit PJM’s capacity market should be redone to presume maximizing imports to counter local market power.
Exelon said its Illinois nuclear plants are “up against a clock,” with the legislature unable to meet to consider withdrawing from PJM’s capacity market.
PJM’s Monitor defended a conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the capacity market and adopt the FRR option.
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