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TO PASS A MEASURE THAT IS

2
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NEEDED TO BAILOUT STRUGGLING

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NUCLEAR POWER PLANTS.

4
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WITHOUT THE NEW MONEY EXELON

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SAYS IT MAY HAVE TO CLOSE PLANTS

6
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IN CLINTON AND THE QUAD CITIES T

7
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WOULD CHANGE THE WITH WAY

8
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CUSTOMERS ARE CHARGED ADDING

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DEMAND PRICING YOUR ELECTRICITY

10
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WOULD COST MORE DURING PEEK

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HOURS.

12
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CRITICS SAY THE MEASURE COULD

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SEND THE ELECTRICITY BILLS

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SOARING.

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HERE TO HELP US UNDERSTAND THIS

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AND HOW IT COULD IMPACT YOU ARE

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REPRESENTATIVE, AND CAROLINA,

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CHIEF OF THE PUBLIC INTEREST

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DIVISION FOR THE ILLINOIS

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ATTORNEY GENERAL, HER BOSS LISA

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MADIGAN HAS BEEN STRONGLY

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CRITICAL OF THE PROPOSED

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LEGISLATION.

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AND BOB GALLO ILLINOIS STATE

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DIRECTOR FOR AARP ALSO A CRITIC

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OF THE BILL AND WELCOME ALL TO

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"CHICAGO TONIGHT."

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ROBIN GABLE WHY SHOULD ILLINOIS

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CONSUMERS BE ASKED TO PAY HIGHER

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BILLS?

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>> WELL, LET'S TAKE A STEP BACK.

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SO WHEN WE LOOK AT A

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YEAR-AND-A-HALF AGO WE HAD THREE

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BILLS.

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WE HAD AN EXELON BILL, AND A

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COMMON COMMON BILL AND THE --

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COM-ED AND THE CLEAN ENERGY

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BILL.

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IT CREATED THE FIX THE RPS THE

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RENEWABLE PORTFOLIO STANDARD AND

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ALLOW INVESTMENT IN ILLINOIS AND

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IT ALSO DOUBLED THE ENERGY

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EFFICIENCY THAT THE STATE

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PRODUCES AND ENERGY EFFICIENCY

45
00:01:51,633 --> 00:01:57,800
IS OUR CHEAPEST WAY TO CREATE

46
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RENEWABLE ENERGY.

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>> THAT IS AN INTERESTING BOSTON

48
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POLICE DEPARTMENT WHY SHOULD

49
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ILLINOIS CONSUMERS HAVE TO PAY

50
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HIGHER BILLS TO BAILOUT NUCLEAR

51
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PLANTS THAT ARE STRUGGLING

52
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ECONOMICALLY?

53
00:02:06,733 --> 00:02:11,366
>> WE NEED TO LOOK HOW WE NEED

54
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TO INCREASE RENEWABLE ENERGY IN

55
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THE STATE.

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IT IS THE FUTURE AND CLIMATE

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CHANGE IS AN ISSUE AND HOW WE

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NEED TO INCREASE RENEWABLE

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ENERGY IN THE STATE AND I THINK

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THIS BILL DOES THAT IT FIXES THE

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RPS AND FIXES ENERGY EFFICIENCY

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AND IT HAS SOME THINGS FOR COM

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ED AND LEX LONE BUT IT ALSO

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INVESTS A BILLION DOLLARS IN LOW

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INCOME COMMUNITIES.

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AND IT IS AN OPPORTUNITY TO

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REALLY --

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LIKE EVERY DECADE WE HAVE THIS

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OPPORTUNITY TO MODERNIZE OUR

70
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ENERGY PLANTS.

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>> CAROLINA HOW ABOUT --

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CARA HENDRICKSON, IT'S GOOD FOR

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INVESTMENT AND INTERESTING IN

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ENERGY, WHY NOT?

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>> THE PROBLEM IS THE HERE IS

76
00:02:54,100 --> 00:02:58,933
SIZE WOULD HAVE A HUGE IMPACT ON

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RATEPAYERS ACROSS THE STATE OF

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ILLINOIS.

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WE HAVE ESTIMATED WHEN YOU ADD

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UP ALL THE PROGRAMS IN HERE THAT

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IT WILL COST ILLINOIS RATEPAYERS

82
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THROUGH 2030 MORE THAN $10

83
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BILLION.

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IT IS TOO MUCH TO ASK CONSUMERS

85
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TO PAY.

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>> Mr. FIDEL MARQUZ THIS HAS

87
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BEEN CHARACTERIZED AS THE

88
00:03:16,166 --> 00:03:18,866
LARGEST RATE HIKE IN U.S.

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HISTORY.

90
00:03:18,200 --> 00:03:20,900
IS IT?

91
00:03:18,866 --> 00:03:23,500
>> WELL, WE KEEP TALKING ABOUT

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THE COST.

93
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BUT THE BENEFITS ARE BEING

94
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IGNORED.

95
00:03:23,833 --> 00:03:28,400
>> THE QUESTION IS IS THIS GOING

96
00:03:24,933 --> 00:03:30,066
TO BE THE HIGHEST RATE HIKE IN

97
00:03:27,500 --> 00:03:32,000
U.S. HISTORY.

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00:03:28,400 --> 00:03:33,066
>> NO, IT WOULD NOT BE.

99
00:03:30,066 --> 00:03:35,533
BECAUSE THIS BILL IS A

100
00:03:32,000 --> 00:03:35,933
COMPREHENSIVE BILL THAT INCLUDES

101
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A LOT OF BENEFITS TO THE

102
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CUSTOMERS.

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00:03:35,933 --> 00:03:41,666
AS WE'VE SAID MANY TIMES, THE

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OVERALL COST TO OUR CUSTOMERS ON

105
00:03:40,533 --> 00:03:47,033
AVERAGE FOR RESIDENTIAL

106
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CUSTOMERS FOR THE PERIOD OF THE

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BILL TO 2030 WILL BE 25 CENTS A

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MONTH ON AVERAGE.

109
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25 CENTS A MONTH.

110
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AND COMPARE THAT --

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>> THE ESTIMATES THAT I'VE READ

112
00:03:53,133 --> 00:03:59,666
ARE MORE IN THE $2-$3 RANGE.

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AND YOU SAY THOSE ARE WRONG?

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>> THOSE ARE WRONG.

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>> BOB GALLO HOW EXPENSIVE IS

116
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THIS GOING TO BE?

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>> IT IS GOING TO BE EXPENSIVE

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FOR PEOPLE MEMBERS THAT WE

119
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REPRESENT AT AARP.

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YOU MENTION THE DEMAND RATE.

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IF YOU LIVE AT HOME OR WORK AT

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HOME DURING THE DAY, WHEN ENERGY

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USAGE IS THE HIGHEST YOU WILL

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PAY MORE FOR THAT ENERGY.

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SO IF YOU THINK OF A RETIRED

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INDIVIDUAL SOMEONE UNEMPLOYED

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SOMEONE WHO WORKS AT HOME SO

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IT'S NOT JUST OLDER INDIVIDUALS

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BUT IT'S MILLENNIALS.

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AND IT'S NOT JUST RESIDENTS

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AFFECTED BY THIS.

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IT'S BUSINESSES AS WELL.

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IT'S HOSPITALS WHOSE RATES WILL

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GO UP.

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WHEN A HOSPITAL'S RATES GO UP,

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THEY ARE HUGE, HUGE POWER USERS.

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THOSE COSTS WILL BE PASSED ALONG

138
00:04:41,100 --> 00:04:46,633
IN HEALTHCARE COSTS AS WELL.

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00:04:43,100 --> 00:04:48,566
>> ROBIN RATES ARE SET BY THE

140
00:04:45,533 --> 00:04:51,066
ILLINOIS COMMERCE COMMISSION AND

141
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SOME SAY HAVING THEM DECIDED BY

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THE GENERAL ASSEMBLY IS DOING AN

143
00:04:51,066 --> 00:04:57,233
END RUN ON THE ICC, IS IT?

144
00:04:53,800 --> 00:04:59,300
>> NO, I THINK THE ICC HAS THE

145
00:04:56,233 --> 00:05:00,733
FINAL DECISION IN THIS.

146
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I THINK THE BILL MAY BE A LITTLE

147
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BIT TOO BIG AND THINGS WE NEED

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TO LOOK AT IN THE BILL AND THE

149
00:05:02,466 --> 00:05:08,433
BAILOUT FOR COAL.

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AND THE SUBSIDY FOR COAL.

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AND WE NEED TO LOOK AT A FEW

152
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OTHER THINGS.

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WE NEED TO LOOK AT THE DEMAND

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CHARGE.

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ISSUES HAVE BEEN RAISED ABOUT

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THE DEMAND CHARGE AND THAT IS

157
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SOMETHING WE NEED TO LOOK AT.

158
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AND AMRON REPRESENTS PEOPLE FROM

159
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PEORIA DOWN AND I DO NOT THINK

160
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THERE IS ENOUGH ENERGY

161
00:05:26,200 --> 00:05:31,066
EFFICIENCY AND ENERGY EFFICIENCY

162
00:05:28,100 --> 00:05:31,433
CREATES THE JOBS.

163
00:05:29,166 --> 00:05:33,233
>> THE BILL IS STILL IN

164
00:05:31,066 --> 00:05:35,866
FORMATION?

165
00:05:31,433 --> 00:05:38,800
>> I THINK THERE ARE ISSUES AND

166
00:05:33,233 --> 00:05:40,133
THINGS WE CAN WORK ON.

167
00:05:35,866 --> 00:05:42,066
>> CARA HENDRICKSON LISA MADIGAN

168
00:05:38,800 --> 00:05:43,266
WAS QUOTED AS SAYING THE

169
00:05:40,133 --> 00:05:44,233
LEGISLATION IS OUTRAGEOUS.

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00:05:42,066 --> 00:05:46,066
>> THE OBJECTIONS GO TO THE

171
00:05:43,266 --> 00:05:49,333
SCOPE OF THE BILL.

172
00:05:44,233 --> 00:05:50,266
YOU MENTIONED THAT EXELON HAS

173
00:05:46,066 --> 00:05:53,333
BEEN TALKING ABOUT THE TWO

174
00:05:49,333 --> 00:05:54,866
DISTRESSED NUCLEAR PLANTS.

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00:05:50,266 --> 00:05:56,533
THE PROBLEM IS THAT THE BILL HAS

176
00:05:53,333 --> 00:05:58,966
BALLOONED INTO A CHRISTMAS TREE

177
00:05:54,866 --> 00:06:00,966
THAT INCLUDES A VARIETY OF

178
00:05:56,533 --> 00:06:02,900
DIFFERENT PROGRAMS.

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REPRESENTATIVE GABLE MENTIONED A

180
00:06:00,966 --> 00:06:05,700
$3 BILLION SUBSIDY FOR COAL HAS

181
00:06:02,900 --> 00:06:07,233
BEEN ADDED TO THE BILL IN THE

182
00:06:04,433 --> 00:06:09,233
LAST 48 HOURS.

183
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SO OUR OBJECTIONS ARE THAT THE

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00:06:07,233 --> 00:06:12,100
BILL HAS BECOME AN OPPORTUNITY

185
00:06:09,233 --> 00:06:14,233
TO LOAD IT DOWN WITH PROGRAMS

186
00:06:10,633 --> 00:06:16,933
THAT THE ARE HARMFUL TO

187
00:06:12,100 --> 00:06:18,333
CONSUMERS AND DO TAKE AWAY THE

188
00:06:14,233 --> 00:06:20,400
DISCONGRESS OF THE ICC.

189
00:06:16,933 --> 00:06:21,633
>> FIDEL MARQUZ HAS THIS BECOME

190
00:06:18,333 --> 00:06:23,466
A LOOK UNDER THE CHRISTMAS TREE

191
00:06:20,400 --> 00:06:24,800
SOMETHING FOR EVERYBODY?

192
00:06:21,633 --> 00:06:25,900
IS THAT SOMETHING THAT IS

193
00:06:23,466 --> 00:06:29,600
NECESSARY AS A MATTER OF

194
00:06:24,800 --> 00:06:32,266
POLITICS?

195
00:06:25,900 --> 00:06:33,500
>> CERTAINLY, THE ADDITION OF

196
00:06:29,600 --> 00:06:35,800
THE COAL ASSISTANCE PART IS NEW

197
00:06:32,266 --> 00:06:36,900
AND WE CERTAINLY HEARD DURING

198
00:06:33,500 --> 00:06:38,666
THE HEARING YESTERDAY A LOT OF

199
00:06:35,800 --> 00:06:40,366
CONCERNS ABOUT THAT.

200
00:06:36,900 --> 00:06:43,966
BUT THE TIME IS NOW TO TAKE

201
00:06:38,666 --> 00:06:47,900
ACTION ON THIS BILL.

202
00:06:40,366 --> 00:06:50,266
THE COST OF INACTION MAY CAUSE

203
00:06:43,966 --> 00:06:51,133
CUSTOMERS UP TO $1.85 A MONTH IF

204
00:06:47,900 --> 00:06:52,800
THE NUCLEAR PLANTS COME DOWN AND

205
00:06:50,266 --> 00:06:55,433
REPLACEMENT POWER.

206
00:06:51,133 --> 00:06:57,200
>> HOW COULD THAT BE?

207
00:06:52,800 --> 00:06:59,633
IN 2015 ILLINOIS PRODUCED 41%

208
00:06:55,433 --> 00:07:02,500
MORE ENERGY THAN IT NEEDED AND

209
00:06:57,200 --> 00:07:04,366
DEMAND HAS BEEN SHRINKING BY 1%

210
00:06:59,633 --> 00:07:06,166
A YEAR SINCE 2011.

211
00:07:02,500 --> 00:07:07,166
WHY NOT SHUT THE FACILITIES?

212
00:07:04,366 --> 00:07:08,533
>> NOT ALL ASSETS OPERATE THE

213
00:07:06,166 --> 00:07:11,033
SAME WAY.

214
00:07:07,166 --> 00:07:12,400
NUCLEAR POWER PLANTS ARE

215
00:07:08,533 --> 00:07:13,700
AVAILABLE 94, 95% OF THE TIME

216
00:07:11,033 --> 00:07:16,400
THROUGHOUT THE YEAR.

217
00:07:12,400 --> 00:07:17,233
COAL PLANTS ARE LESS.

218
00:07:13,700 --> 00:07:19,800
AND WIND IS 30%.

219
00:07:16,400 --> 00:07:21,433
SOLAR 50%.

220
00:07:17,233 --> 00:07:23,100
YOU MAY COUNT ALL THE NAMEPLATE

221
00:07:19,800 --> 00:07:24,533
RATINGS OF THE CAPACITY BUT THEY

222
00:07:21,433 --> 00:07:27,600
DO NOT ALWAYS OPERATE AT THE

223
00:07:23,100 --> 00:07:29,100
SAME LEVEL OF AVAILABILITY.

224
00:07:24,533 --> 00:07:30,900
SO TO SAY THAT IT'S 40% YOU GOT

225
00:07:27,600 --> 00:07:32,066
TO REALLY LOOK AT THE TYPE OF

226
00:07:29,100 --> 00:07:34,000
PLANTS AND THE TYPE OF UNITS WE

227
00:07:30,900 --> 00:07:35,633
ARE TALKING ABOUT.

228
00:07:32,066 --> 00:07:38,533
>> BOB GALLO ONE OF THE

229
00:07:34,000 --> 00:07:40,333
OBJECTIONS IS IF THE STATE IS

230
00:07:35,633 --> 00:07:43,000
PRODUCING 40% EXCESS ENERGY

231
00:07:38,533 --> 00:07:44,500
PRESUMABLY IT'S BEING SOLD TO

232
00:07:40,333 --> 00:07:48,233
SOMEBODY ELSE ARE ILLINOIS

233
00:07:43,000 --> 00:07:49,633
RATEPAYERS SUBSIDIZING LOWER

234
00:07:44,500 --> 00:07:52,366
RATES FOR ADJOINING STATES?

235
00:07:48,233 --> 00:07:54,666
>> THEE RHETT KA CALI YES.

236
00:07:49,633 --> 00:07:57,300
AND IT IS THE LARGEST INCREASE

237
00:07:52,366 --> 00:07:58,433
IN U.S. HISTORY AND THE BILL HAS

238
00:07:54,666 --> 00:08:00,533
446 PAGES THAT DROPPED FOR THE

239
00:07:57,300 --> 00:08:03,600
ASSEMBLY TO READ AND UNDERSTAND

240
00:07:58,433 --> 00:08:04,900
WHAT IS IN IT WHEN IT SHOULD

241
00:08:00,533 --> 00:08:06,533
HAVE STARTED WITH THE ILLINOIS

242
00:08:03,600 --> 00:08:07,766
COMMERCE COMMISSION FIRST AND

243
00:08:04,900 --> 00:08:09,400
THE ILLINOIS COMMERCE

244
00:08:06,533 --> 00:08:10,866
COMMISSION'S RESPONSIBILITY TO

245
00:08:07,766 --> 00:08:14,533
MAKE SURE THAT ANY RATE

246
00:08:09,400 --> 00:08:14,966
INCREASES ARE FAIR AND BALANCED

247
00:08:10,866 --> 00:08:16,866
AND TAKE THE CONSUMER INTO

248
00:08:14,533 --> 00:08:18,933
CONSIDERATION.

249
00:08:14,966 --> 00:08:19,800
>> ROBIN GABLES SAID THAT THE

250
00:08:16,866 --> 00:08:21,200
ICC WOULD HAVE THE FINAL SAY

251
00:08:18,933 --> 00:08:23,833
WOULD IT NOT?

252
00:08:19,800 --> 00:08:24,966
>> THAT IS NOT WHAT WE HEARD.

253
00:08:21,200 --> 00:08:27,133
THIS IS DROPPED DURING A VETO

254
00:08:23,833 --> 00:08:28,633
SESSION WHICH IS INAPPROPRIATE.

255
00:08:24,966 --> 00:08:30,733
THE PURPOSE OF A VETO SESSION IS

256
00:08:27,133 --> 00:08:31,700
TO CONSIDER BILLS FROM THE LAST

257
00:08:28,633 --> 00:08:33,600
SESSION AND TO DECIDE BY THE

258
00:08:30,733 --> 00:08:35,233
GENERAL ASSEMBLY WHETHER THEY

259
00:08:31,700 --> 00:08:37,500
WANT TO OVERRIDE THE BILLS OR

260
00:08:33,600 --> 00:08:39,066
LET THEM MOVE FORWARD.

261
00:08:35,233 --> 00:08:41,233
THIS BILL, IS SOMETHING THAT HAS

262
00:08:37,500 --> 00:08:43,466
BEEN SNUCK INTO THE VETO SESSION

263
00:08:39,066 --> 00:08:45,200
AND IS BEING RAMMED THROUGH THE

264
00:08:41,233 --> 00:08:45,566
GENERAL ASSEMBLY WITH THE HOPES

265
00:08:43,466 --> 00:08:46,566
OF PASSAGE WITHOUT PEOPLE

266
00:08:45,200 --> 00:08:48,766
NOTICING.

267
00:08:45,566 --> 00:08:49,333
>> HOW ABOUT THAT?

268
00:08:46,566 --> 00:08:54,000
WHY PUSH THE BILL NOW

269
00:08:48,766 --> 00:08:54,300
THANKSGIVING?

270
00:08:49,333 --> 00:08:54,866
YOU SAW A STACK OF PAPERS 446

271
00:08:54,000 --> 00:08:56,333
PAGES?

272
00:08:54,300 --> 00:08:57,533
WHY NOW?

273
00:08:54,866 --> 00:08:59,733
>> WE HAVE BEEN WORKING ON THE

274
00:08:56,333 --> 00:09:00,133
BILL FOR A YEAR-AND-A-HALF.

275
00:08:57,533 --> 00:09:02,066
THIS IS NOT A BILL THAT HAS BEEN

276
00:08:59,733 --> 00:09:03,566
RUSHED.

277
00:09:00,133 --> 00:09:05,033
IT'S BEEN A LONGTIME COMING AND

278
00:09:02,066 --> 00:09:07,600
I THINK THE OPPORTUNITY IS NOW.

279
00:09:03,566 --> 00:09:11,066
WE HAVE A NEW PRESIDENT WHO IS

280
00:09:05,033 --> 00:09:11,366
NOT GOING TO BE PASSING GREAT

281
00:09:07,600 --> 00:09:12,833
ENERGY POLICY AT THE NATIONAL

282
00:09:11,066 --> 00:09:13,900
LEVEL.

283
00:09:11,366 --> 00:09:15,666
YOU KNOW DOES NOT BELIEVE IN

284
00:09:12,833 --> 00:09:18,700
CLIMATE CHANGE AND IT WILL BE

285
00:09:13,900 --> 00:09:19,700
OUR RESPONSIBILITY AT THE STATE

286
00:09:15,666 --> 00:09:21,466
TO COME UP WITH A MODERN ENERGY

287
00:09:18,700 --> 00:09:23,266
POLICY HERE.

288
00:09:19,700 --> 00:09:25,066
>> HOW ABOUT THE --

289
00:09:21,466 --> 00:09:27,200
WHAT IS YOUR TAKE ON THE ISSUE

290
00:09:23,266 --> 00:09:28,600
THAT THE STATE IS ALREADY

291
00:09:25,066 --> 00:09:30,866
PRODUCING 41% MORE THAN IT

292
00:09:27,200 --> 00:09:33,300
NEEDS, SELLING THAT EXCESS TO

293
00:09:28,600 --> 00:09:35,366
OTHER STATES AND ILLINOIS

294
00:09:30,866 --> 00:09:35,966
RATEPAYERS ARE IN ESSENCE

295
00:09:33,300 --> 00:09:37,200
SUBSIDIZING LOWER RATES FOR

296
00:09:35,366 --> 00:09:39,466
NEIGHBORING STATES.

297
00:09:35,966 --> 00:09:42,266
>> IT IS AN ISSUE OF CLIMATE

298
00:09:37,200 --> 00:09:43,733
CHANGE WE WANT TO INCREASE THE

299
00:09:39,466 --> 00:09:45,700
RENEWABLES WE HAVE IN THE STATE.

300
00:09:42,266 --> 00:09:49,100
>> AMPLIFY HOW ADDRESS HOW THE

301
00:09:43,733 --> 00:09:50,100
BILL WILL DO THAT?

302
00:09:45,700 --> 00:09:52,400
>> IT WOULD FIX THE RENEWABLE

303
00:09:49,100 --> 00:09:52,733
PORTFOLIO STANDARD FUNDS THAT

304
00:09:50,100 --> 00:09:54,033
ARE INVESTED INTO RENEWABLE

305
00:09:52,400 --> 00:09:55,400
ENERGY.

306
00:09:52,733 --> 00:09:56,733
THEY ARE FUNDS THAT ARE INVESTED

307
00:09:54,033 --> 00:09:58,433
OVER A PERIOD OF TIME.

308
00:09:55,400 --> 00:09:59,666
SO COMPANIES FEEL LIKE THEY CAN

309
00:09:56,733 --> 00:10:01,000
MAKE THE INVESTMENT IN ILLINOIS.

310
00:09:58,433 --> 00:10:03,566
RIGHT NOW THE COMPANIES ARE

311
00:09:59,666 --> 00:10:03,900
INVESTING IN OTHER STATES.

312
00:10:01,000 --> 00:10:06,133
WE ARE LOSING JOBS TO OTHER

313
00:10:03,566 --> 00:10:08,900
STATES.

314
00:10:03,900 --> 00:10:10,700
WE ARE LOSING AN OPPORTUNITY TO

315
00:10:06,133 --> 00:10:12,166
IN THIS WHOLE NEW JOB ARENA AND

316
00:10:08,900 --> 00:10:16,400
I DO NOT THINK ILLINOIS CAN

317
00:10:10,700 --> 00:10:19,566
AFFORD TO DO THAT.

318
00:10:12,166 --> 00:10:21,100
IT PROVIDES FOR A PAYMENT SYSTEM

319
00:10:16,400 --> 00:10:23,366
THAT THEY CAN RELIABLE PAYMENT

320
00:10:19,566 --> 00:10:25,166
SYSTEM THAT THEY CAN COUNT ON

321
00:10:21,100 --> 00:10:26,866
AND INVEST HERE.

322
00:10:23,366 --> 00:10:28,333
>> BOB GALLO THERE IS AN AN

323
00:10:25,166 --> 00:10:30,133
ARRAY OF GROUPS SUPPORTIVE OF

324
00:10:26,866 --> 00:10:31,733
THIS BILL FROM THE SIERRA CLUB

325
00:10:28,333 --> 00:10:33,833
TO THE CITIZENS UTILITY BOARD

326
00:10:30,133 --> 00:10:35,500
WHAT IS IN IT FOR THEM?

327
00:10:31,733 --> 00:10:36,500
>> WHAT IS IN IT FOR THEM?

328
00:10:33,833 --> 00:10:38,333
WHAT THEY DECIDE WHAT IS IN IT

329
00:10:35,500 --> 00:10:41,500
FOR THEM.

330
00:10:36,500 --> 00:10:44,333
WHY DO RATEPAYERS HAVE TO PAY

331
00:10:38,333 --> 00:10:46,300
FOR THESE ISSUES?

332
00:10:41,500 --> 00:10:48,066
EXELON HAD $30 BILLION IN

333
00:10:44,333 --> 00:10:49,433
PROFITS IN 2015.

334
00:10:46,300 --> 00:10:50,233
IN ORDER TO RAISE RATES TO PAY

335
00:10:48,066 --> 00:10:50,966
FOR SOMETHING ELSE IT DOES NOT

336
00:10:49,433 --> 00:10:52,366
MAKE SENSE.

337
00:10:50,233 --> 00:10:53,633
AND JOBS?

338
00:10:50,966 --> 00:10:55,400
THE ILLINOIS MANUFACTURERS

339
00:10:52,366 --> 00:10:57,700
ASSOCIATION IS CONCERNED ABOUT

340
00:10:53,633 --> 00:10:59,600
THIS AND ARE OPPOSED TO IT.

341
00:10:55,400 --> 00:11:00,900
THEY ARE TALKING ABOUT STEEL

342
00:10:57,700 --> 00:11:02,433
PLANTS THAT WILL DIP INTO THE

343
00:10:59,600 --> 00:11:05,966
PROFITS BY 30%.

344
00:11:00,900 --> 00:11:06,833
WHAT HAPPENS WHEN YOUR PROFITS

345
00:11:02,433 --> 00:11:09,066
GO DOWN YOU LAY PEOPLE OFF.

346
00:11:05,966 --> 00:11:09,466
CATERPILLAR IS CONCERNED ABOUT

347
00:11:06,833 --> 00:11:11,566
THIS AND OPPOSED TO THE BILL AS

348
00:11:09,066 --> 00:11:12,833
WELL.

349
00:11:09,466 --> 00:11:14,433
>> FIDEL MARQUZ $30 BILLION YOUR

350
00:11:11,566 --> 00:11:15,366
COMPANY MADE?

351
00:11:12,833 --> 00:11:17,300
HOW MUCH IN PROFITS DOES THE

352
00:11:14,433 --> 00:11:18,700
COMPANY NEED?

353
00:11:15,366 --> 00:11:20,733
>> THESE ARE TWO PLANTS THAT

354
00:11:17,300 --> 00:11:22,233
AREN'T IN THE PROFIT.

355
00:11:18,700 --> 00:11:25,933
THEY ARE LOSING MONEY THEY ARE

356
00:11:20,733 --> 00:11:27,266
LOSING MONEY --

357
00:11:22,233 --> 00:11:29,900
>> THE COMPANY HAD A PROFIT OF

358
00:11:25,933 --> 00:11:30,866
$30 BILLION LAST YEAR AND YOU

359
00:11:27,266 --> 00:11:33,400
WANT THE RATEPAYERS TO PAY MORE.

360
00:11:29,900 --> 00:11:33,766
>> THERE'S ANOTHER TO THE BILL

361
00:11:30,866 --> 00:11:34,500
THAN JUST THE NUCLEAR POWER

362
00:11:33,400 --> 00:11:39,900
PLANTS.

363
00:11:33,766 --> 00:11:42,833
REPRESENTATIVE GABLE TALKED

364
00:11:34,500 --> 00:11:43,900
ABOUT THE RENEWABLES THAT IS 300

365
00:11:39,900 --> 00:11:45,533
MEGAWATTS OF SOLAR AND WIND ALL

366
00:11:42,833 --> 00:11:47,966
THE ENERGY EFFICIENCY.

367
00:11:43,900 --> 00:11:48,666
THIS IS JUST BEYOND MORE THAN

368
00:11:45,533 --> 00:11:51,200
JUST BEYOND THE NUCLEAR POWER

369
00:11:47,966 --> 00:11:51,900
PLANTS HERE.

370
00:11:48,666 --> 00:11:53,166
THAT IS WHY IT IS A BROADER

371
00:11:51,200 --> 00:11:55,366
COMPREHENSIVE BILL.

372
00:11:51,900 --> 00:11:58,766
>> ALL RIGHT.

373
00:11:53,166 --> 00:12:01,066
CARA HENDRICKSON, THE BILL WOULD

374
00:11:55,366 --> 00:12:02,100
CHANGE THE WAY THAT COM ED

375
00:11:58,766 --> 00:12:02,933
CHARGES FOR POWER AND DEMAND

376
00:12:01,066 --> 00:12:03,933
PRICING.

377
00:12:02,100 --> 00:12:04,900
OBJECTIONS?

378
00:12:02,933 --> 00:12:08,100
>> STRONG OBJECTIONS.

379
00:12:03,933 --> 00:12:09,666
ILLINOIS WOULD BE THE FIRST

380
00:12:04,900 --> 00:12:11,700
STATE IN THE COUNTRY TO REQUIRE

381
00:12:08,100 --> 00:12:12,700
RESIDENTIAL CUSTOMERS TO USE

382
00:12:09,666 --> 00:12:13,733
DEMAND RATE IT WOULD CHANGE THE

383
00:12:11,700 --> 00:12:15,766
WAY WE HAVE BILLED FOR

384
00:12:12,700 --> 00:12:17,266
ELECTRICITY IN ILLINOIS.

385
00:12:13,733 --> 00:12:17,933
WHEN YOU GET YOUR BILL IT IS IN

386
00:12:15,766 --> 00:12:19,533
LARGE PART BASED UPON HOW MUCH

387
00:12:17,266 --> 00:12:21,100
YOU USE.

388
00:12:17,933 --> 00:12:22,800
YOU USE MORE ELECTRICITY YOUR

389
00:12:19,533 --> 00:12:23,933
BILL IS HIGHER.

390
00:12:21,100 --> 00:12:25,166
YOU CAN EXPECT AND ROUGHLY

391
00:12:22,800 --> 00:12:27,733
ESTIMATE THE AMOUNT OF YOUR BILL

392
00:12:23,933 --> 00:12:29,800
BECAUSE YOU WILL KNOW ABOUT HOW

393
00:12:25,166 --> 00:12:31,166
MUCH YOU USED IN A MONTH.

394
00:12:27,733 --> 00:12:32,066
YOU PAY LESS YOU USE LESS.

395
00:12:29,800 --> 00:12:33,533
DEMAND RATES WOULD THROW THAT

396
00:12:31,166 --> 00:12:35,366
OUT THE WINDOW.

397
00:12:32,066 --> 00:12:37,666
THE PORTION OF YOUR BILL BASED

398
00:12:33,533 --> 00:12:39,266
ON HOW MUCH YOU USE, IT WOULD

399
00:12:35,366 --> 00:12:41,766
REPLACE IT WITH HOW MUCH YOU

400
00:12:37,666 --> 00:12:43,333
USED DURING THE HIGHEST PERIOD

401
00:12:39,266 --> 00:12:45,000
OF TIME MONDAY THROUGH FRIDAY.

402
00:12:41,766 --> 00:12:46,300
WEEKDAY HOURS THAT YOU WILL PAY

403
00:12:43,333 --> 00:12:47,633
BASED ON THAT HIGHEST POINT.

404
00:12:45,000 --> 00:12:48,800
IT WILL BE DIFFICULT FOR

405
00:12:46,300 --> 00:12:51,433
CUSTOMERS TO PREDICT AND

406
00:12:47,633 --> 00:12:52,433
DIFFICULT FOR THEM TO CONTROL

407
00:12:48,800 --> 00:12:54,633
THEIR BILLS ALL OTHER REGULATORY

408
00:12:51,433 --> 00:12:57,166
COMMISSIONS ACROSS THE COUNTRY

409
00:12:52,433 --> 00:12:58,600
WHO HAVE BEEN ASKED TO LOOK AT

410
00:12:54,633 --> 00:12:59,533
THIS IF THIS HAD GONE TO THE ICC

411
00:12:57,166 --> 00:13:02,966
OTHER STATES SAID NO WHEN

412
00:12:58,600 --> 00:13:03,766
PRESENTED WITH THIS.

413
00:12:59,533 --> 00:13:05,166
>> AND THE LAST WORD ON DEMAND

414
00:13:02,966 --> 00:13:06,533
PRICING, ROBIN GABLE.

415
00:13:03,766 --> 00:13:07,633
>> THAT IS ONE OF THE THREE

416
00:13:05,166 --> 00:13:09,533
THINGS I THINK WE NEED TO LOOK

417
00:13:06,533 --> 00:13:10,900
AT IN THE BILL.

418
00:13:07,633 --> 00:13:11,900
AS I SAID I'VE BEEN HEARING A

419
00:13:09,533 --> 00:13:13,200
LOT ABOUT IT FROM MY

420
00:13:10,900 --> 00:13:14,366
CONSTITUENTS AND COLLEAGUES AND

421
00:13:11,900 --> 00:13:15,466
THAT IS A CONCERN.

422
00:13:13,200 --> 00:13:17,000
>> FOR THEM FIDEL MARQUZ WHAT IS

423
00:13:14,366 --> 00:13:18,666
THE NEXT STEP?

424
00:13:15,466 --> 00:13:21,033
>> WE ARE CONTINUING DIALOGUE

425
00:13:17,000 --> 00:13:23,066
WITH ALL INTERESTED PARTIES AND

426
00:13:18,666 --> 00:13:25,100
TALKING AS I MENTIONED YESTERDAY

427
00:13:21,033 --> 00:13:26,000
AT THE HEARING THERE ARE THESE

428
00:13:23,066 --> 00:13:27,333
OPEN ISSUES AND WE WILL CONTINUE

429
00:13:25,100 --> 00:13:29,633
DISCUSSING OVER THE NEXT COUPLE

430
00:13:26,000 --> 00:13:30,000
OF WEEKS.

431
00:13:27,333 --> 00:13:32,033
AND LOOK TO MOVE THIS BILL

432
00:13:29,633 --> 00:13:34,066
FORWARD.

433
00:13:30,000 --> 00:13:34,366
>> BOB GALLO THE LAST WORD WHAT

434
00:13:32,033 --> 00:13:35,833
DO YOU WANT PEOPLE TO KEEP IN

435
00:13:34,066 --> 00:13:36,866
MIND?

436
00:13:34,366 --> 00:13:38,866
>> KEEP IN MIND HOW THEIR

437
00:13:35,833 --> 00:13:39,766
REPRESENTATIVE VOTE ON THIS.

438
00:13:36,866 --> 00:13:41,066
A YES VOTE IS A VOTE FOR YOUR

439
00:13:38,866 --> 00:13:42,633
INCREASED RATES.

440
00:13:39,766 --> 00:13:44,000
>> AND THAT IS WHERE WE HAVE TO

441
00:13:41,066 --> 00:13:44,833
LEAVE IT.

442
00:13:42,633 --> 00:13:46,500
ROBIN GABLE, FIDEL MARQUZ, CARA

443
00:13:44,000 --> 00:13:47,166
HENDRICKSON AND BOB GALLO THANK

444
00:13:44,833 --> 00:13:49,866
YOU ALL FOR BEING HERE.