October 2003

Here We Go Again

Exelon plots Springfield power ploy
Seeks SBC-style fast track on IP deal, rates

The parent of Commonwealth Edison Co., which announced Sept. 26 that it was in talks to acquire Decatur-based Illinois Power from Texas-based Dynegy Inc., wants the General Assembly this fall to require the Illinois Commerce Commission (ICC) to review the acquisition within six months rather than the customary 11 months, sources familiar with the discussions say.
In addition, Chicago-based Exelon wants lawmakers to authorize the ICC immediately to set new power rates for ComEd and Illinois Power customers over the four-year period following 2006, when a rate freeze expires and prices might otherwise be reduced. Sources differ on whether ComEd is pushing for a rate hike or an extension of the rate freeze ? either of which would benefit it.

"When the rates go away in ’07, they want to lock in some rate increases now and roll it all into the merger," said a top Springfield player familiar with Exelon’s proposal, who asked not to be identified. But he added that the Legislature is likely to have trouble swallowing such a deal, having been burned in the SBC matter.

In either case, company executives made clear to state officials in discussions last week that they want the new rates set at the same time the Illinois Power acquisition is considered, assuming that Exelon and Dynegy can reach agreement on a deal, sources say.

Calling Pat Quinn!

More On Arnold Maremont

For those who don’t remember Political State Report comparing Arnold Maremont to Blair Hull, go here first

I am a nephew of Arnold H. Maremont, the subject of your article of May 29, 2003. I am fully aware of the events of 1961 and 1962 that are the subject of your article. Your article which is taken from the Royko book "Boss" as it relates to the 1961/1962 attempt to secure the democratic nomination for the U. S. Senate and its relationship to the late Mayor Richard J. Daley is basically accurate. Unfortunately, you have omitted two very important parts of the story that might be interesting to your readers.

First, Arnold Maremont was one of the most charismatic leaders in Chicago’s 1950-1970 period. In addition to being a very successful industrialist leading his family business to a NYSE listing as one of the most prominent auto parts manufacturers in the country, serving as chairman of the Illinois Public Aid Commission under Governor Otto Kerner; he was an important collector or pre-Columbian art that now resides in the Israel Museum in Jerusalem. He was truly a man for all seasons.

Second, your story about the selection of US Representative Sidney Yates while accurate as to the rejection of Arnold Maremont does not relate the bottomless cistern of cynicism of why Sid Yates was selected and nominated. The Jewish faith of both Maremont and Yates while supposedly the official reason had absolutely nothing to do with the real reason which naturally was so deeply political that it defies reason but not political common sense. The problem was not Maremont: the problem was Yates.

Sidney Yates from a safely Democratic lakefront congressional district had been reelected so many times that he was about to become the Dean (the most senior member) of the Illinois congressional delegation. The dean, Representative Thomas J. O’Brien (the former Sheriff of Cook County known far and wide as "Blind Tom" for obvious reasons) had died and a new dean was about to take over. The "Dean" had much power in committee assignments and patronage and the "regulars" in the party and the congressional delegation did not want a non-regular, independent and quality person like Sid Yates to take over. He could not be controlled and the "boys" did not want any surprises.

What to do?

The answer was simple. Nominate him to run for the US Senate seat against the incumbent minority leader, Senator Everett M. Dirksen, that was up in the election of 1962. The seat that Arnold Maremont was campaigning to be the nominee.

This was a Richard J. Daley special. He could not lose. If Yates won he goes to the Senate and is not the new Dean of the delegation. If he loses, he is out of the House and no longer in line for the succession.

When a week before the election at the end of October, 1962, as the Cuban missile crisis loomed and President Kennedy call all of the congressional leaders including Senator Dirksen to Washington for consultation; the die was cast and the election decided. Dirksen won in a landslide.

And thus, did a fine man like Arnold Maremont get turned away in the cauldron of power politics, Daley style.

I hope you found all of this interesting. Every word is true.

Sincerely,

Ira M. Plonsker

Republican Cattle Call 10/3

Just pretend it was up on 10/3.

1. Jack Ryan. Faltering a bit at the debate. Still has looks, charisma and money.

2. Steve Rauschenberger. Skipped the debate on principle. Not sure if the move will make him look like a crank or not, but still has organization.

3. Jim Oberweis. Seems to be energetic and contrary to last week making in roads with social conservatives.

4. John Borling. Maybe not so boring and is using spicy language and military terms to reinforce his views. Quick witted with this line,

John Borling on seeing the Blair Hull supporters quipped, "Ah, the beauty of paid help."

Quoted by the good folks at the Illinois Senate

5. Andrew McKenna. Solid but not spectacular.

6. John Cox. Hits the conservative issues, but not making headway.

7. Chirinjeev Kathuria. Shut out of debate, but headlines go to Rauschenberger. Given how early the race is the top 6 criteria for the debate is a bit weird.

8. Jonathan Wright. Nothing.Again.

9. Antonio Davis Fairman. Antonio Davis-Fairman To Attend Arrival Ceremony Hosted By President George W. Bush and First Lady Laura Bush For President Kibaki of Kenya. That’s something. I suppose.