Wednesday, March 28, 2007

From Crains via Rich

House Speaker Michael Madigan offered a new twist in the electric rate debate Tuesday, proposing that Illinois get into the electricity business to help cash-strapped consumers.

Madigan, D-Chicago, introduced a measure to create a not-for-profit Illinois Power Authority that could buy, generate or sell electricity. Madigan spokesman Steve Brown says that setup could spur competition to drive down electric rates.

Yeah because the state needs to get into the power generation business. Because you thought it was hard to site a powerplant before, just imagine when the state runs it. Also I don't see how this has any impact for at least 10 years.


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