Rauner balks at big nuke bailout

Excerpt:

Teye_on-_raunerhe deal Exelon announced Nov. 30 with Gov. Bruce Rauner appears to be teetering today. Rauner’s staff has found problems it didn’t anticipate now that the bill language purporting to carry out the governor’s agreement with the Chicago-based energy company is out.

Among the issues “not agreed to” are “loose cap language” that doesn’t appear to protect business ratepayers the way Rauner envisioned when Exelon announced that businesses would pay no more than 1.3 percent more than the rates they pay today to finance an annual $200 million-plus subsidy to keep open two money-losing nuclear plants Exelon has moved to close, according to a source close to the negotiations…

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