-- Connecting the dots between our economy, government and business --
The bill, in its current form, would create a surcharge on electric bills to incentivize battery storage developments, loosen state-level nuclear regulations, institute new energy efficiency requirements and more.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
When businesses are told to turn off the parking lot and businesses interior lighting when businesses are not open I’ll believe there is an energy shortage.
As a consumer of power, I want NO surcharge on my bill for development of battery storage. Or any other piece of pie in the sky solution to the much talked about but never proven energy shortages.