After a year of build-up, Exelon today finally unveiled its state legislation to hike electricity rates in most of Illinois to boost revenue at its fleet of six nuclear plants.
The measure would slap an electric-bill surcharge of about $2 a month on the average household served by Commonwealth Edison and Ameren Illinois, creating more than $300 million of extra annual revenue to be distributed over the next five years to low-carbon energy sources. Those include obvious examples such as wind and solar—but also nuclear energy, which, unlike coal or natural gas, emits no carbon.
