We use cookies to provide you with a better experience. By continuing to browse this site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Ratepayer advocates challenged the PJM Board of Managers on Wednesday to take action against two stakeholders accused of bribing legislators in Illinois and Ohio, urging them demonstrate their independence from two of the RTO’s biggest members. West Virginia Consumer Advocate Jackie Roberts questioned board members at the Public Interest and...
Illinois Gov. J.B. Pritzker told a virtual gathering of PJM stakeholders Wednesday that his state’s transition to cleaner energy is "non-negotiable," but he emphasized the need for collaboration with the RTO. Pritzker delivered the keynote address for PJM’s General Session stakeholder meeting, headlining a group of diverse speakers on the topic...
Exelon said Thursday that it will next year close two Illinois nuclear plants that face hundreds of millions of dollars of revenue shortfalls because of declining energy prices. In a statement, Exelon said it must close the plants because of "market rules that allow fossil fuel plants to underbid clean...
Illinois electric customers filed a federal class action civil racketeering lawsuit Monday against Commonwealth Edison and state House Speaker Michael Madigan (D), seeking more than $450 million in damages and an order barring the longtime politician from participating in any electricity legislation related to ComEd or parent Exelon. Plaintiffs’ attorney...
In 2011, Exelon’s Commonwealth Edison sought to persuade Illinois lawmakers to allow it to make billions in smart grid investments and switch to a formula ratemaking process to allow it to recover its costs more quickly. But the utility didn’t depend only on its powers of persuasion to get its...
Exelon’s Commonwealth Edison agreed Friday to pay a $200 million fine to settle allegations that it bribed Illinois House Speaker Michael Madigan (D) in return for legislation that increased the company’s earnings and bailed out its money-losing nuclear plants. The U.S. Attorney’s Office in Chicago filed a one-count information alleging...
A new study finds that analyses by PJM’s Independent Market Monitor predicting increased costs for regions that exit PJM’s capacity market are skewed by their assumptions and should be redone to presume exiting states will maximize imports to counter local market power. "The reports’ cost estimates risk confusing or even...
Exelon officials told investors Friday the company’s Illinois nuclear plants are "up against a clock," with the state legislature unable to meet to consider proposals for withdrawing from PJM’s capacity market. Illinois officials have been discussing leaving the market over the minimum offer price rule (MOPR) since 2018. (See Illinois:...
RSS
