The Obama Administration knows who its friends are.
Exelon, the nation's largest nuclear power company, stands to rake in roughly an extra $1 billion to $1.5 billion a year if the House climate change bill passes, according to the company's own estimates. The House is expected to vote on the bill on Friday.I love Chicago/Illinois politics a model of honesty to emulated around the land. What? Our President is a Chicago politician? You don't say. Well I'll be darned. How about that.
A memo produced for Exelon by Bernstein Research, and obtained by the Huffington Post, reports that Exelon CEO John Rowe recently told a gathering of investors and senior executives that the energy bill "will add $700 to $750 million to Exelon's annual revenues for every $10 per metric ton (MT) increase in the price of CO2 allowances." Prices will range between $15 and $18 per metric ton, the report estimates, "implying a positive earnings impact of $1 to $1.30 per share."
Read the full memo.
Exelon, with a major presence in Illinois, was an early backer of President Barack Obama's.
The Bill has yet to hit the Senate. You might want to let your Senators know how you feel and better yet what you think: