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« Fermi 3 -- the resistance moves to the money | Main | NoNukeBailout: From your pockets to their bottom line »
Monday
Feb122018

Exelon Confident in Nuclear Support Programs (at ratepayer expense!)

As reported by RTO Insider.

As the article reports, Exelon's lobbying juggernaut is pulling out all stops, to gouge ratepayers at every possible turn:

“Since our last earnings call, we continue to see positive momentum for policy changes … at state, FERC and RTO levels,” said Joe Dominguez, vice president of governmental and regulatory affairs and public policy.

FERC is short for Federal Energy Regulatory Commission. A Trump administration proposal to subsidize old coal and nuclear power plants, to the tune of $180 billion, at ratepayer expense, over time, was recently blocked by a coalition of environmental, public interest, and consumer groups.

RTO is short for Regional Transmission Organization. That is where the Trump administration proposal and Exelon money grab attempt has now moved, to RTOs such as PJM (short for Pennsylania, Jersey, Maryland, a 13-state RTO stretching from the Atlantic to Illinois).

Critics got about one single line in the article:

According to its critics, Exelon is seeking subsidies for plants that are no longer economical to operate.