Two months since Illinois lawmakers and Gov. Bruce Rauner signed off on a bailout bill they said was needed to ensure the viability of two Exelon nuclear electricity plants, two lawsuits filed in federal court have challenged the constitutionality of the legislation, alleging the law effectively rigs in Exelon’s favor wholesale electricity generation and supply markets, resulting in a a windfall for Exelon over the next 10 years, paid for by Illinois businesses and households.
Illinois' bailout bill for two Exelon power plants unique, unprecedented, needed more review, attorney says
In early December, Democrats and Republicans in Springfield, including Gov. Bruce Rauner, agreed on an energy bailout bill in the Legislature to keep two Exelon nuclear generator plants operating at a cost of as much as $4.54 per month per Illinois ratepayer. But a Chicago lawyer who has advised industrial businesses and governments on energy-related issues for more than two decades said the 503-page bailout bill, which rewrote major provisions of both the Illinois Public Utilities Act and the Illinois Power Agency Act, should have received a more thorough review before becoming law.