Both Chicago dailies editorialize against Exelon Nuclear money grab at ratepayer expense

"Burning money" image by Gene Case/Avenging AngelsBoth the Chicago Tribune and the Chicago Sun-Times editorial boards have come out against Exelon Nuclear's attempt to gouge Illinois ratepayers to the tune of hundreds of millions per year, to prop up allegedly failing atomic reactors. "Allegedly," because, as both papers point out, Exelon refuses to open its books to the public.

Both editorial boards come at the problem from the perspective of free market capitalism. Which is fine -- no other energy industry has enjoyed more public subsidization than the nuclear power industry, which makes Exelon's latest bailout demand all the more objectionable.

As the Sun-Times so wisely understands, "Renewable energy is the future, and the state should be making that a priority, not nuclear plants." More.