Both Chicago dailies editorialize against Exelon Nuclear bailout at ratepayer expense

Both 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.

And, despite their disadvantage over the course of decades, in terms of public subsidies secured by politically powerful nuclear lobbyists, renewables like wind and solar have nonetheless remained competitive. In fact, they are outcompeting the nuclear power industry. Efficiency is even more competitive and cost-effective.

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

After all, while Germany's Conservative parties may have belatedly, and reluctantly, agreed to the nuclear phase out for political survival post-Fukushima, they do not see the domestic expansion and export of renewable energy as a charitable undertaking. They see it as a huge money making opportunity on the international marketplace.

It's high time for the U.S., and states like Illinois, to either wake up and smell the coffee, or get left in the dust.