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Weamp;#39;re here today to discuss a rarely talked about reason why your electric bills are higher than it should be the Exelon nuclear power bailout thatamp;#39;s found in the Future Energy Jobs Act also known as FEJA. Iamp;#39;m Dave Kraft, Director of Nuclear Energy Information Service in Chicago, (NEIS). We were one of a handful of environmental organizations that strongly oppose the Exelon nuclear bailouts for a period of four years from 2013 to 2016. So whatamp;#39;s the history of FEJA? In 2016 legislation was passed that led to a large job-creating expansion of renewable energy and energy efficiency in Illinois but it came at a price and that price was in exchange for 2.3 billion dollar bailout for three money-losing Exelon reactors in Illinois. This was the greatest legislated transfer of wealth from Illinois ratepayers to Exelon shareholders in history. How did this happen? In late 2013 Exelon announced that as many as five of its reactors in Illinois were losing money an
