Significant Progress Achieved toward Comprehensive Energy Legislation with Redesigned Future Energy Jobs Bill
November 22 2016 - 2:20PM
Business Wire
Changes to legislation reflect feedback from a
broad cross-section of stakeholders
Exelon Generation and ComEd today announced significant progress
toward achieving a streamlined version of the Future Energy Jobs
Bill that will reduce costs and address feedback gathered from a
broad cross-section of stakeholders since the bill was introduced
and conditionally passed by a 9 to 1 vote at last week’s Illinois
House Energy Committee hearing.
The proposed changes maintain important provisions to boost the
state’s economy, support low-income programs, preserve 4,200 jobs
at Exelon’s Clinton and Quad Cities nuclear plants and create
thousands of new clean energy jobs by advancing renewable energy
development and expanding energy efficiency programs. They also
reflect feedback received from the governor’s office, legislative
staff and through continuing discussions and collaboration among
environmental groups, renewable energy developers, faith
organizations, consumer advocates, business groups, utilities,
community leaders, policymakers and legislative staff, among
others.
Though the legislation continues to be refined, proposed changes
include:
- Eliminating the demand based rates
provision
- Eliminating the Fixed Resource Adequacy
Plan, or FRAP, but reserving for discussion a proposal to achieve a
solution sometime in the near future
- Ensuring that the Zero Emissions
Standard proposal will preserve Exelon’s Illinois nuclear plants
for at least 10 years and include even stronger consumer
protections
- Reducing the number of proposed
microgrids from five to three
- Expanding rebates for community solar,
and commercial and industrial solar installations
ComEd and Exelon continue to address in earnest an open item of
concern among some business community members about the impacts
this legislation will have on competitive rates in Illinois.
“We have said from the beginning that we wanted the Future
Energy Jobs Bill to bring diverse ideas and constituents together
to arrive at a comprehensive plan to address the state’s complex
energy and economic challenges,” said Joe Dominguez, Exelon’s
executive vice president, Governmental and Regulatory Affairs and
Public Policy. “In the past week, we have heard from groups and
individuals representing a broad cross-section of interests. We
have listened to what they had to say and have made changes to the
bill based on their input. The proposals emerging today will
strengthen Illinois’ commitment to clean energy, deliver billions
of dollars in savings from energy efficiency, provide needed
support for low-income residents, retain $1.2 billion in economic
activity associated with the Quad Cities and Clinton nuclear plants
and create thousands of jobs to support our economy.”
“We have been working for more than a year and a half on this
legislation with stakeholders representing government, environment,
consumers, communities and businesses,” said Fidel Marquez, senior
vice president, government and external affairs, ComEd. “We have
listened and heard the issues presented at the recent hearing and
worked with staff to make revisions to the bill so that it is
better for everyone. We’re encouraged by the progress we have made
toward achieving a clean, reliable and affordable energy future for
our customers. We look forward to continuing this work so that we
can deliver innovative solutions that bring value to our customers,
state, business community and environment.”
The legislation will continue to undergo revisions prior to the
start of the Veto session, which begins Nov. 29. For more
information, visit futureenergyjobsbill.com.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 10 million customers. ComEd
provides service to approximately 3.8 million customers across
northern Illinois, or 70 percent of the state’s population. For
more information visit ComEd.com, and connect with the company on
Facebook, Twitter and YouTube.
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Exelon CorporationPaul AdamsCorporate
Communications410-470-4167paul.adams@constellation.com
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