It was a famous Illinois Senator, Everett Dirksen, who is given credit for the classic quote “a billion here, a billion there, pretty soon you’re talking about real money!” Of course he meant it in the context of government spending.
But I’d like to use it in the context of a study recently published showing that Illinois consumers (business and residential) have saved $37 billion in electricity costs since the competitive market was introduced in 1999. Here is a link to the full report put out jointly by the Illinois Chamber of Commerce, the IMA, IRMA and the Illinois Business Roundtable. The current model allows for competition, better, more efficient electricity generation facilities and market-based prices. Illinois used to have one of the highest electricity rates in the country, now it’s one of the lowest. You can imagine how important that is for electricity-intensive businesses looking for a place to move to or grow in.
We talk about the benefits of the competitive electricity marketplace all the time but now we have numbers to back it up: 37….billion….dollars
Over the past 15 years, Illinois residents and businesses had $37 billion to use to meet payroll, save money, invest in new equipment or perhaps just had a bit more at the end of the month to take in a baseball game. No matter what, is “real money.” Dirksen would be proud!