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Prairie State is being EXTREMELY disingenuous here. Coal-fired power is neither cheap nor clean. Their statement here suggests to the contrary and needs clarification. #energytwitter #nerdthread wbez.org/stories/pritzk… 
1/ Backstory: IL state regulators are in the midst of negotiations to try and shut down high CO2 power sources like Prairie State. Those negotiations are still on-going and have no federal nexus. But their statement is made within that context.
2/ The plant has been a boondoggle since it was built. Over-budget, over-schedule and consistently forcing users to pay way more for electricity than they would have otherwise. See here for details: rmi.org/insight/transi…
I've been having a lot of conversations about deficits, fiscal and monetary policy right now & frustrated with how many basic facts about our economy are misrepresented. So for Valentines Day, a #nerdthread on our national finances. Hope you enjoy:
1/ First, prior to COVID, the biggest ever emergency funding program in our history was the American Recovery and Reinvestment Act, passed in response to the 2008 crisis. Just shy of $700B in emergency funding.
2/ (In 2008 $. I leave to other nerdier nerds to adjust these numbers for inflation.)
