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A bipartisan group of Ohio lawmakers is blaming Illinois’ landmark 2021 clean-energy law for jeopardizing reliability in their state and potentially raising costs for their ratepayers. And they're threatening to take legal action against Illinois in response. The Ohio legislators cited PJM’s estimate that about $2 billion in new high-voltage lines would be needed to transport power between states to make up for the plants that are closing or are required to close.
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.
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Love this, I hope our midwest neighbors knock some sense into the loonies running Illinois.