The Democrats of Illinois are bent on destroying every bit of industrial capacity. Even electricity is leaving blues states - Don Surber
This is the reaction to the 2021 Climate & Equitable Jobs Act, which the Chicago Tribune called “one of Gov. JB Pritzker’s signature accomplishments, requires Illinois to phase out the burning of fossil fuels for electricity by 2045 and sets an earlier 2030 deadline for closing certain gas-fired plants.”
Instead of waiting for 2030, an energy generation plant in Elwood, Illinois, was sold off. Six of the nine gas turbines are moving to Texas. (Just load them up on a flatbed truck and off they go.) The other three will continue to run for a while. Those three have been purchased by a non-profit out of Wisconsin. (There is a carve out in the CEJA law for non-profits that own gas turbines.)
The underlying article is actually an editorial from the Chicago Tribune. The Tribune seems surprised that passing silly laws could have detrimental impacts on the local economy.
Fascinating! This is the first I've heard of this and it makes all the sense in the world. "We can shut down in 2030 or we can sell it now and get more return than if we wait." There's simply no argument for staying in Illinois if the government wants to shut you down.
ReplyDeleteThe state is a mess. Financially, from a law-and-order POV, from the level of taxes, and what you get for them.
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