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« Recent news coverage re: alleged bribery potentially associated with rate hikes and bailouts in IL | Main | FirstEnergy cut to junk at all three major ratings firms »
Tuesday
Nov242020

‘Dark money’ group raises fears in Illinois energy negotiations

As reported by Kari Lydersen at Midwest Energy News.

The dark money-tainted IL energy negotiations, involving Exelon Nuclear and the state legislature, are not unlike dark money-tainted OH energy negotiations, involving FirstEnergy Nuclear and the state legislature.

Back in 2016, Exelon already secured approval for $2.35 billion in dangerously old reactor bailouts from IL ratepayers, compliments of a compliant IL state legislature.

In 2019, FirstEnergy secured approval for $1.3 billion in dangerously old atomic reactor/dirty old coal burner bailouts from OH ratepayers, compliments of a compliant OH state legislature.

In both states, federal charges have been brought against multiple conspirators -- including the OH State House Speaker -- re: alleged bribery intertwined with the bailouts. The scandal in IL may take down the State House Speaker there, who has served since the early to mid-1980s, the longest such tenure in the U.S.