Illinois
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.
The Illinois Commerce Commission’s “NextGrid: Illinois’ Utility of the Future” study, which began with grand hopes years ago, ended with barely a whimper.
Exelon said a report from PJM's Monitor uses assumptions to cast a negative light on the FRR alternative members may pursue in the face of an expanded MOPR.
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