Legislation
Exelon Asks for Another Nuke Bailout at Ratepayer Expense
Exelon Asks for Another Nuke Bailout at Ratepayer Expense March 26, 2019 Exelon has formally threatened to close its Dresden, Byron and Braidwood nuclear power plants. While Exelon had been hinting that Dresden and Byron are at risk for closure and has been in the process of requesting additional legislation to bailout these plants, this…
Read MoreBOMA/Chicago Raises Concerns About Assessment Legislation
BOMA/Chicago Raises Concerns About Assessment Legislation March 11, 2019 BOMA/Chicago’s Ron Tabaczynski testified at House and Senate committees to oppose legislation introduced by Cook County Assessor Fritz Kaegi, voicing concerns about unforeseen shifts in tax burdens to commercial properties. The legislation would require income producing properties to submit income and expense data annually in…
Read MoreGovernor Pritzker Delivers his Budget Address
Governor Pritzker Delivers his Budget Address On Wednesday, February 20, Governor Pritzker delivered his inaugural budget address. According to the Office of Management and Budget (OMB), Governor Pritzker’s Fiscal Year 2020 (FY20) budget totals $77 Billion in spending (state and federal funds) – of that, the FY20 budget estimates receiving $38.9 billion in general state…
Read MoreCity Council Passes Benchmarking Amendments
City Council Passes Benchmarking Amendments December 13, 2017 The City Council voted 48-2 in favor of amendments to the Chicago Benchmarking Ordinance that will create a zero-to-four-star rating system for benchmarked buildings. The amendment will also require conspicuous posting of the rating. BOMA/Chicago opposed the creation of a rating system arguing that the US…
Read MoreExelon/ComEd Rate Increase Legislation Signed by Governor Rauner
Exelon/ComEd Rate Increase Legislation Signed by Governor Rauner February 7, 2017 It took last minute negotiations and ten amendments, including one to reduce the number of votes needed for passage, but ComEd and Exelon were successful in their effort to have Illinois ratepayers bailout two underperforming nuclear plants and change the way energy efficiency programs…
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