State Rep. Mark Batinick filed legislation Thursday that he said would deny ComEd a state subsidy, amid investigations into the company’s lobbying practices. The bill would revoke aspects of the comprehensive state energy bill passed in 2016, which Batinick, R-Plainfield, said he was opposed to at the time.
The initial bill required a statewide rate hike to prevent the closure of two nuclear power plants in Illinois, according to a news release.
The rate increase provided for in the legislation was expected to generate more than $200 million a year over the next 10 years. However, Batinick said the rate has come into question in light of the continuing federal probe into ComEd.
“The ComEd bailout bill is part of the FBI investigation and this is really a problem,” Batinick said in the release. “Reviewing these subsidies with new legislation is the best path forward, to right this wrong.”
Batinick said he led the charge against the legislation, and the need for a rate hike to accommodate the subsidy for ComEd, the largest electric utility in Illinois.
“Like I stated in 2016 when the original bill was presented, anyone that uses electricity will be paying more,” he said in the release. “That leaves less money to run a school, a drug-rehabilitation facility, or a homeless center.”
State Rep. Kelly Cassidy, D-Chicago, is the chief co-sponsor of the legislation.
Cassidy said she was “disappointed” to see this subsidy implemented for a profitable corporation.