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Exelon Says Delay On Illinois Electric Legislation Due To FERC Inaction, Not Federal Investigation

October 31,2019



During an earnings call, executives from Exelon pushed back against thinking in the market that ongoing federal investigations, for which Exelon has received subpoenas, would delay, or is "linked" to, consideration of electricity market legislation in Illinois

Such legislation would include, among other broader issues, a policy to carve-out Illinois' load from PJM's capacity market, pending a final FERC order on the market's design and precise form, in order to preserve (and expand) subsidies provided to Exelon's nuclear plants

Exelon executives said that FERC's ongoing inaction on changes to PJM's capacity market design is what is delaying legislation

While not identifying any publications by name, Exelon executives also pushed back against reports about the current stakeholder posture regarding legislation

Crain's Chicago Business earlier this week reported (story here) that the Illinois Clean Jobs Coalition has ceased negotiations with the utilities over legislation.

Exelon executives noted that the Clean Jobs Coalition is composed of disparate groups, and said that Exelon remains engaged with various green energy and labor stakeholders.

Tags:
Illinois   Exelon  

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