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Business Leaders Urge Quinn To Veto Leaucadia Bill

Some Illinois business leaders are calling on Governor Quinn to help stop a possible eight-and a half-billion-dollar spike in natural gas prices.  Mark Denzler, with the Illinois Manufacturers Association, says Illinois citizens and businesses will be on the hook for the next 30 years if a new coal gasification plant is approved.

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Denzler says customers with Ameren and NiCor will be forced to pay higher rates if the Leucadia plant is approved.

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Denzler adds a plan to put a coal gasification plant in Chicago isn't going to benefit the people of Illinois.

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The business leaders say the Leucadia plant will have a severe impact on residents, businesses and schools in the Ameren service territory.  Denzler says the higher rates will hurt families and make it harder for businesses to compete.  He says Leaucadia officials are trying to circumvent the regulatory process at the Illinois Commerce Commission.  Members of IMA, the Sierra Club, the Chemical Industry Council, and the Ag industry are all against the deal.  They're are all asking Quinn to veto the bill.  He hasn't given any indication on what he plans to do with the bill.

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