Editorial: A self-inflicted energy crisis is brewing in northern Illinois thanks to Springfield – Chicago Tribune*

"Here’s the reality increasingly emerging from CEJA’s ill-conceived targeting of gas-fired peakers: Carbon-emitting plants the law slates for near-term mothballing instead are remaining open for nearly two more decades. Meanwhile, Chicago-area power-delivery customers of Commonwealth Edison by and large soon won’t be benefiting any longer from the juice they generate. Instead, that electricity will support growing needs outside of Chicagoland, perhaps even from new data centers."
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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