Legislation will create and save tens of
thousands of jobs, keep energy affordable and help Illinois
maintain its competitive edge
Exelon Generation and ComEd today announced that the Illinois
Black Chamber of Commerce has joined the broad spectrum of Illinois
business leaders and organizations that are voicing strong support
for the Future Energy Jobs Bill, saying it will strengthen the
economy, save and create good-paying jobs, retain Illinois’
historically low energy rates and ensure the state maintains its
competitive economic advantage.
The Illinois Black Chamber joins a strong business coalition
supporting the Future Energy Jobs Bill, including the Chatham
Business Association, Clinton Area Chamber of Commerce &
Tourism Bureau, Illinois Hispanic Chamber of Commerce, Illinois
Retail Merchants Association, Illinois Municipal League, Quad
Cities Chamber of Commerce and Rockford Chamber of Commerce. Ameren
Illinois, which provides electric services to the southern portion
of Illinois, also supports the current bill.
The legislation is the product of collaboration among diverse
stakeholders, including environmental groups, renewable energy
developers, faith-based organizations, consumer advocates, labor,
business groups, utilities, community leaders, policymakers, the
governor and legislative staff. Among other benefits, the bill will
preserve 4,200 jobs associated with Exelon’s Quad Cities and
Clinton nuclear plants, preserve $1.2 billion in economic activity,
create tens of thousands of new jobs associated with renewable
energy development and energy efficiency and avoid higher energy
costs that would result if nuclear plants were to close.
“We are proud to support the Future Energy Jobs Bill, which is
the only legislation out there that will help boost Illinois’
economy and create jobs, while also helping to provide job training
for those looking to enter the workforce,” said Larry D. Ivory,
President and CEO of the Illinois Black Chamber of Commerce. “In
addition to the thousands of jobs at stake, this represents a
chance to secure affordable energy, benefit our environment and
ensure that Illinois remains an attractive place to do
business.”
“The Illinois Retail Merchants Association (IRMA) is
extraordinarily pleased with the progress made to date,” said Rob
Karr, President and CEO of the Illinois Retail Merchants
Association. “The current proposal protects jobs and energy
consumers while ensuring Illinois’ significant advantage in
electric competitiveness is assured. Most importantly, it does this
while avoiding the price increases and other cost impacts that will
happen if we do nothing.”
“In addition to delivering a boost to our economy, this
legislation will put Illinois at the forefront of the growing clean
energy industry and help businesses keep energy costs affordable,”
said Melinda Kelly, Executive Director of the Chatham Business
Association. “It also advances grid reliability and energy
security, which are essential ingredients to a healthy
economy.”
“The Future Energy Jobs Bill brings an innovative set of
solutions that deliver benefits to consumers, labor and businesses,
while also protecting our environment for future generations,” said
Omar Duque, President and CEO of the Illinois Hispanic Chamber of
Commerce. “This wide array of solutions is a testament to the
collaborative effort that has been applied to this legislation over
the past two years.”
In response to stakeholder feedback, the legislation has
undergone a number of changes since it was introduced and
conditionally passed by a 9 to 1 vote at last week’s Illinois House
Energy Committee hearing. Though it continues to evolve, the more
streamlined bill reduces costs but retains important provisions to
jumpstart renewable energy development, preserve the state’s
nuclear plants, support low-income programs and keep energy rates
competitive.
“We are encouraged by the strong and growing level of support
from interests representing a broad cross-section of our economy,”
said Joe Dominguez, Exelon’s executive vice president, Governmental
and Regulatory Affairs and Public Policy. “We will continue to
engage with all stakeholders to refine the bill so that we can
arrive at the best possible solution for our customers and the
state of Illinois.”
“This is about creating a better future for everyone in
Illinois, and that comes through in the daily discussions we are
having with business leaders, labor unions, consumer groups,
environmental organizations and others who have come forward with
their ideas,” said Fidel Marquez, senior vice president, government
and external affairs, ComEd. “We continue to listen and are making
great progress toward delivering creative solutions that will leave
our economy and environment strong and healthy for years to
come.”
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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version on businesswire.com: http://www.businesswire.com/news/home/20161123005722/en/
Exelon CorporationPaul AdamsCorporate
Communications410-470-4167paul.adams@constellation.com
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