Exelon Generation and ComEd have reached an agreement with Gov. Bruce Rauner on an amendment to the Future Energy Jobs Bill, which has been updated with customer protections.
The amendment provides a cost cap that limits rate increases for all customers.
The bill is supported by more than 200 groups including business, environmental and labor organizations, as well as the Chicagoland Chamber of Commerce and Illinois Retail Merchants Association. It is also supported by members of the Clean Jobs Coalition, which includes the Natural Resources Defense Council, Sierra Club, Environmental Defense Fund and other groups.
“We thank and commend Gov. Rauner and his professional staff for their focus on increasing robust customer rate protections, while maintaining the many benefits of this bill,including preserving and creating jobs and providing a shot in the arm to Illinois’ economy,” Joe Dominguez, Exelon’s executive vice president of governmental and regulatory affairs and public policy, said. “We will continue to work with legislative leaders and all policymakers today and tomorrow to enact this urgently needed legislation.”
The Future Energy Jobs Bill aims to maintain statewide competitive electricity rates while creating thousands of jobs and expanding clean energy at a low cost. The legislation will jumpstart renewable energy development and expand job training and assistance to low-income residents.
“We have worked with many stakeholders including consumer advocates, environmentalists, community leaders, among others to ensure this bill has the best outcome for customers, our economy and our environment and the communities we serve,” ComEd President and CEO Anne Pramaggiore said. “We appreciate the strong bipartisan support of members of the General Assembly, the four caucus’ professional staff, the labor unions, members of the Clean Jobs Coalition and other stakeholders who have helped us shape this comprehensive energy package that will bring tremendous value to our state and our customers.”