Calpine Corporation
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Energy
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A group of electrical power generators have asked the U.S. Supreme Court step in and unplug “zero emissions credit” subsidy programs in Illinois and elsewhere, arguing the state programs intrude on federal regulatory turf and unconstitutionally rig wholesale electricity generation and supply markets to prop up nuclear power plants that should otherwise be retired.
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A federal appellate court has affirmed a Chicago federal judge’s ruling that switched off suits by a group of electricity producers and Chicago-area power consumers, which sought to invalidate a state law requiring coal and gas burning electricity companies buy credits to prop up two failing Exelon nuclear plants, saying the law doesn’t infringe on federal regulatory prerogatives.
