Madigan rejects Emanuel deal to close Chicago coal plants

Steve Daniels | Chicago Business

(Crain's) — A deal between Mayor Rahm Emanuel and a Chicago-based power-generating firm to close two old, controversial coal-fired plants in the city, in return for state financial help for a big wind farm owned by the same company, has run into opposition from House Speaker Michael Madigan.

Instead, Mr. Madigan is supporting a new state version of a proposed city ordinance that would force Midwest Generation LLC to close or clean up the 50-year-old Fisk and Crawford plants. The House Executive Committee is slated to consider the bill Wednesday, and a floor vote may follow.

Observers give the legislation, which is opposed by MidwestGen, little chance of passing both the House and the Senate in the fall veto session, which ends this week.

Read More (Via Chicago Business)