Editorial: Owner of massive Elwood Energy plant isn’t waiting for Illinois closure deadlines. They’re literally moving the plant to Texas. – Chicago Tribune*

"Does any of this make any sense in a rational world? No, it doesn’t. But it is a sorry reminder of the unanticipated consequences that can and do occur when policymakers interfere in such heavy-handed ways in complex industries like power generation that they usually don’t understand. ... The industry warned Springfield five years ago that the 2030 deadline wasn’t realistic. The warnings went unheeded."
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taxpayer
6 days ago

A justification for CEJA is the myth that CO2 is a bad thing. There’s plenty of evidence that more CO2 improves agricultural productivity and has other benefits.

Sweet Home Alabama
6 days ago

Whoever came up with the CEJA obviously helped make the top half of the class possible in college.

Truth in Cook County
6 days ago

Good. Maybe they can add wood burning fireplaces to all the high rises and apartments in Chicago. That should help replace the energy lost by this illogical Illinois law.

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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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