Illinois energy bill, Exelon, ComEd reach agreement

Exelon Generation and ComEd announced that they had reached an agreement with all those concerned and that an amendment has been attached to the bill that provides protections to limit the cost impact of SB 2814 for all businesses and set a cap of no more than 25 cents per month increase for residential customers. According to them, SB 2814 will prevent an estimated $11.2 billion loss that would occur if the nuclear plants were closed down. Instead, there will be the preservation of 4,200 jobs, along with the creating of thousands of new clean energy jobs and flexible business options to save with energy efficiency initiatives. All parties will now continue to work to actually get SB 2814 Future Energy Jobs Bill enacted and signed by the Governor.

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