CHICAGO (CBS) — Illinois lawmakers have introduced legislation that would allow ComEd to charge customers about $2 more per month to cover the costs of its nuclear power plants, drawing criticism from a utility watchdog group that says ComEd’s parent company already makes plenty of profit.
Legislation introduced in Springfield would provide financial incentives for companies that produce “clean” energy that does not produce harmful greenhouse gases.
ComEd’s parent company, Exelon, backs the legislation, because it would help them pay for three nuclear power plants it says are unprofitable – in Byron, Clinton, and the Quad Cities.
The Citizens Utility Board said it would take a look at the proposal, but it has concerns.
“Exelon has made more than $20 billion in profits over the past decade. Its nuclear fleet, overall, is profitable. And ComEd customers have already paid for those plants several times over,” CUB spokesman Jim Chilsen said.