Rate Caps Now In Play In Exelon Illinois Nuke Bailout Bill
November 23,2016
The gift that just keeps on giving.
After first gutting a bill to promote retail natural gas choice, and instead imposing state-mandated capacity purchases on retail suppliers (which is now moving out of play), the latest with Exelon's Illinois bill for nuclear subsidies and other income streams for ComEd is the potential for rate caps, under still vague details learned by CapitolFax.com
CapitolFax.com reports that to combat price spikes that are possible under the Exelon bill, Exelon is working with Ameren and stakeholders that would protect certain customers from large rate hikes under the bill.
CapitolFax.com reports there's no language for the provision yet, but CapitolFax.com describes the commitment as one that would, "cap rates."
It was unclear if this would apply to supply rates, delivery rates, or a combination thereof (under a total bill % increase provision as used in certain other states)
Also Exelon said that it is withdrawing language from the bill that would use state-procured forward capacity contracts, under a Fixed Resource Adequacy Plan, allocated to all LSEs, including retail suppliers, for capacity requirements at Ameren
However, Exelon said that stakeholders are, "reserving for discussion a proposal to achieve a solution sometime in the near future," concerning the proposed Fixed Resource Adequacy Plan for downstate capacity
Exelon has also lowered the number of microgrids it is seeking for ComEd to own from 5 to 3