Future Energy Jobs Bill seen creating jobs, lifting economy after signed into law
The Future Energy Jobs Bill was signed into law by Illinois Gov. Bruce Rauner a week ago and is expected to have a substantial impact on the state and local economies.
The legislation ensures the continued operations of Clinton and Quad Cities nuclear plants for at least 10 years and protects 4,200 related jobs. The measure also preserves competitive rates in Illinois, expands energy efficiency programs to drive customer savings, and positions Illinois as a leader in zero-carbon electricity.
The bill also provides funding for renewable resources, including new wind power, large-scale solar power, and rooftop and community solar.
Projects at the Quad cities and Clinton nuclear plants are on being fast tracked in order to improve safety, enhance long-term equipment reliability and ensure regulatory compliance.
“Now that it’s been enacted into law, the Future Energy Jobs Bill is already starting to create jobs and economic growth for Illinois families and businesses,” said Bryan Hanson, Exelon Generation’s Chief Nuclear Officer. “These plants are massive economic engines in their local communities, generating approximately $1.2 billion in economic impact each year. That will only increase once we get these large capital projects underway.”
Installation of a hardened venting system, enhanced control room simulators, and computer upgrades are all planned projects for the Quad Cities plant. The nuclear plant in Clinton is scheduled to have upgrades performed on the plant’s main generators and a pump motor that controls water flow outside the reactor, as well as the replacement of an auxiliary transformer.
In addition to the annual hiring of 3,000 pipe fitters, welders, electricians, laborers and contractors, Exelon plans to hire more than 400 new permanent employees to assist with the capital projects.
“The Future Energy Jobs Bill is wonderful news for area businesses,” said Marian Brisard, executive director of the Clinton Area Chamber of Commerce. “Restarting these capital projects will bring new jobs, millions in local purchasing and heavy foot traffic back to area retailers.”
