Illinois House Speaker suggests changes to power industry
Madigan has filed a legislative resolution asking the Illinois Power Agency to determine whether to reverse part of a 1997 law and allow electric companies to run their own power-generating plants.
Under the law, Ameren Illinois and Commonwealth Edison stopped generating electricity and became power-delivery companies only. The power plants became separate, unregulated entities.
Ameren Illinois spokesman Leigh Morris said the utility has long believed the state should consider reintegration of power delivery and power generation.
However, Exelon Corp. spokeswoman Kathleen Cantillon said Exelon expects any study to determine competitive markets are the best value for Illinois consumers.
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Texans to vote on funding to modernize electricity generation
DALLAS - Texans are set to vote on Tuesday on a constitutional amendment to determine whether the state will create a special fund for financing the "construction, maintenance, and modernization of its electric generating facilities."
The energy fund would be administered and used only by the Public Utility Commission of Texas to provide loans and grants to maintain and upgrade electric generating facilities.
The biggest chunk of the fund, $7.2 billion, would go into loans and incentives to build new power-generating facilities in the ERCOT (Electric Reliability Council of Texas) region.
The proposal, titled Proposition 7, is one of several efforts by lawmakers…
