Illinois Gov. Rauner signs bill sparing 2 nuclear plants
SPRINGFIELD, Ill. — Illinois Gov. Bruce Rauner has approved a plan providing billions of dollars in subsidies to Exelon Corp. to keep two unprofitable nuclear plants from closing prematurely.
The Republican appeared at Riverdale High School in Port Byron on Wednesday to sign legislation he said will save thousands of jobs by rewarding Exelon for producing carbon-free energy.
In addition to $235 million a year for Exelon to prop up nuclear plants in the Quad Cities and Clinton, the plan provides hundreds of millions of dollars in energy-efficiency programs and assistance to low-income energy users.