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ARTICLE ARCHIVE

Nuclear Costs

Estimates for new reactor construction costs continue to sky-rocket. Conservative estimates range between $6 and $12 billion per reactor but Standard & Poor's predicts a continued rise. The nuclear power industry is lobbying for heavy federal subsidization including unlimited loan guarantees but the Congressional Budget Office predicts the risk of default will be well over 50 percent, leaving taxpayers to foot the bill. Beyond Nuclear opposes taxpayer and ratepayer subsidies for the nuclear energy industry.

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Entries by admin (618)

Tuesday
Jul282020

Madigan Faces Mounting Pressure To Step Down

Madigan hasn't been charged with a crime but has been embroiled in charging documents the U.S. Department of Justice secured against ComEd.

As reported by Center Square Illinois.

Please note that ComEd's parent company, Exelon, is the largest nuclear power utility in the country. In 2016, Exelon received a $2.35 billion bailout, at ratepayer expense, with support from IL House Speaker Michael Madigan. Commonwealth Edison also secured another $750 million, in the form of a rate hike, at ratepayer expense, again with Madigan's support.

Tuesday
Jul282020

Arraignment set for ComEd in bribery case encircling House Speaker Michael Madigan

As reported by the Chicago Tribune.

Please note that ComEd's parent company, Exelon, is the largest nuclear power utility in the country. In 2016, Exelon received a $2.35 billion bailout, at ratepayer expense, with support from IL House Speaker Michael Madigan. Commonwealth Edison also secured another $750 million, in the form of a rate hike, at ratepayer expense, again with Madigan's support.

Tuesday
Jul282020

A dirty battle for a nuclear bailout in Ohio

As reported by Shakiba Fadaie  and M.V. Ramana and in the Bulletin of Atomic Scientists (BAS).

Although the article was originally published on April 21, 2020, the BAS added this within the past week:

 

Editor’s note: Ohio House Speaker Larry Householder and four others were recently arrested on bribery charges in connection with a state government bailout of two nuclear energy plants. This Bulletin piece, originally published in April, tracks the convoluted background behind the bailout.

Tuesday
Jul282020

Class-action suit seeks customer reimbursement from ComEd

The utility agreed to a $200 million fine in a deferred-prosecution deal with the feds. But, so far, those actually damaged in ComEd's admitted bribery scheme—ratepayers—have seen nothing.

As reported by Crain's Chicago Business.

Please note that ComEd's parent company, Exelon, is the largest nuclear power utility in the country. In 2016, Exelon received a $2.35 billion bailout, at ratepayer expense, with support from IL House Speaker Michael Madigan. Commonwealth Edison also secured another $750 million, in the form of a rate hike, at ratepayer expense, again with Madigan's support.

Monday
Jul272020

Class-action lawsuit demands ComEd issue refunds for customers after bribery scheme

As reported by the Chicago Tribune.

Please note that ComEd's parent company, Exelon, is the largest nuclear power utility in the country. In 2016, Exelon received a $2.35 billion bailout, at ratepayer expense, with support from IL House Speaker Michael Madigan. Commonwealth Edison also secured another $750 million, in the form of a rate hike, at ratepayer expense, again with Madigan's support.