Tuesday, Nov. 18


Governor negotiates changes to Exelon's acquisition of Illinois Power     Send a link to a friend

[NOV. 18, 2003]  News release Monday from the office of Gov. Rod Blagojevich:

"This morning I made it clear that I would not support legislation concerning Exelon's pending purchase of Illinois Power if the legislation included an early rate review for consumers. This afternoon, Exelon agreed to the conditions I outlined, ensuring that the legislation will not ask consumers to shoulder the cost of the merger.

"Exelon also agreed to reduce the number of planned layoffs by as much as half, make significant investments in central Illinois' energy infrastructure to reduce the likelihood of blackouts, and make substantial new investments in renewable energy.

"By rescinding their requests for rate reviews for Exelon and Illinois Power customers, the legislation can now protect consumers, preserve jobs, strengthen the infrastructure and help the environment. Today's news is a good step forward," Blagojevich said.

[News release]

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