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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 from November 1, 2020 - November 30, 2020

Sunday
Nov292020

Opposition needed to HB 104, the "ANTHEM Act," as Ohio Senate Energy and Public Utilities Committee set to hold hearing

Here is the link to the Nov. 29, 2020, 56-organization coalition letter of opposition.

Patricia Marida of the Ohio Sierra Club Nuclear-Free Committee has also prepared a concise Opponents' Analysis of HB 104.

Your help is urgently needed. See this link for how to take action, as well as for the coalition's press release.

Wednesday
Nov252020

Nuclear fiasco: SCANA ex-CEO to plead guilty to fraud, get prison, pay $5 million

As reported by John Monk in The State.

A link to the 18-page plea agreement is embedded in the article.

 

Wednesday
Nov252020

ILLINOIS NUKE BRIBERY CHARGES: Scandal threatens Illinois House Speaker

On November 18, Anne Pramaggiore, former CEO of Commonwealth Edison (a major subsidiary of Exelon Nuclear) and three others, including Michael McClain, a confidant of Illinois House Speaker Michael J. Madigan, were charged with bribery in a ComEd lobbying scheme. In recent years, ComEd has secured massive rate hikes, and Exelon a $2.35 billion bailout at ratepayer expense, with the help of Madigan, who has served as IL House Speaker since the early 1980s, longer than any counterpart in the country. The scandal threatens to oust Madigan from the Speakership. There are reports of dark money in current Illinois energy legislation lobbying, as Exelon seeks even more billion dollar bailouts for its dangerously old reactor fleet.

MORE.

Tuesday
Nov242020

Recent news coverage re: alleged bribery potentially associated with rate hikes and bailouts in IL

Tuesday
Nov242020

‘Dark money’ group raises fears in Illinois energy negotiations

As reported by Kari Lydersen at Midwest Energy News.

The dark money-tainted IL energy negotiations, involving Exelon Nuclear and the state legislature, are not unlike dark money-tainted OH energy negotiations, involving FirstEnergy Nuclear and the state legislature.

Back in 2016, Exelon already secured approval for $2.35 billion in dangerously old reactor bailouts from IL ratepayers, compliments of a compliant IL state legislature.

In 2019, FirstEnergy secured approval for $1.3 billion in dangerously old atomic reactor/dirty old coal burner bailouts from OH ratepayers, compliments of a compliant OH state legislature.

In both states, federal charges have been brought against multiple conspirators -- including the OH State House Speaker -- re: alleged bribery intertwined with the bailouts. The scandal in IL may take down the State House Speaker there, who has served since the early to mid-1980s, the longest such tenure in the U.S.