This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Benefits Of Chicago Clean Energy Project Are Diverse And Wide-Reaching

Illinois consumers will experience significant benefits from the project. It will offer unmatched protections to consumers, including a guaranteed $100 million in savings over the life of the project for ratepayers and an innovative revenue sharing system that will provide additional cost savings to consumers. State law also includes a 2 percent annual rate cap to protect against any rate increase – the same structure that governs wind and solar projects in the state – and a $1.5 billion consumer protection reserve account that were both added as a result of feedback from Governor Quinn and consumer advocates.

"Working with Governor Quinn, the Citizens Utility Board and others, we were able to include a number of protections in the project's authorizing legislation when it was approved in 2011," said Hoyt Hudson, project manager for Chicago Clean Energy. "The project's success is tied directly to producing savings for consumers."

The Chicago Clean Energy technology uses a chemical process – without burning coal or other feedstock – to produce substitute natural gas and capture and remove impurities. Removing the component elements like sulfur, argon, and mercury is essential to producing the substitute natural gas. These additional products can be safely reused in construction, agriculture and manufacturing, or safely disposed of, rather than being released. 

"The Chicago Clean Energy project is a win-win for our community," said Sandra Patterson, president of the Cottage Grove Heights Community Coalition. "This major investment will clean up a contaminated area, create jobs and bring a cutting-edge, environmentally advanced energy technology right to our backyard. I fully support the Chicago Clean Energy project and hope Governor Quinn will too."

Chicago Clean Energy will pursue one of the most stringent air permits ever issued for an energy facility and will enable the clean-up of an existing 140-acre brownfield site, pending approval of the Senate Bill now before Governor Quinn. 

Stock quotes in this article: LUK 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs