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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

Thursday
Nov192020

Survival odds now tilt against Madigan

Springfield insiders say the beleaguered speaker—facing allegations the governor calls "unspeakably wrong"— now has an uphill battle to retain his post as head of the Illinois House. Here are the latest signs of his unraveling fortunes.

As reported by Greg Hinz in Crain's Chicago Business.

IL House Speaker Michael Madigan presided over the state chamber's approval of a $2.35 billion ratepayer funded bailout for three dangerously age-degraded Exelon atomic reactors in IL, in Dec. 2016. Exelon is Commonwealth Edison's parent company. ComEd executives and lobbyists have been indicted in this bribery scandal.

Thursday
Nov192020

Editorial: What the ComEd scandal means, and what it costs

Chicago Tribune editorial.

ComEd's parent company, Exelon, is the country's largest nuclear power utility. In 2016, many of the same corporate and political players now implicated in the current alleged bribery scandal, were also involved in the passage of a $2.35 billion nuclear bailout bill, at ratepayer expense, to prop up operations at three dangerously age-degraded atomic reactors in IL.

Thursday
Nov192020

More House Democrats drop support for Madigan, putting his decades-long hold on speaker’s post in peril

As reported by the Chicago Tribune.

ComEd's parent company, Exelon, is the country's largest nuclear power utility. In 2016, many of the same corporate and political players now implicated in the current alleged bribery scandal, were also involved in the passage of a $2.35 billion nuclear bailout bill, at ratepayer expense, to prop up operations at three dangerously age-degraded atomic reactors in IL.

Thursday
Nov192020

Madigan speaks out on indictment of key confidant and allies as defense lawyers in bribery case blame overzealous prosecutors

As reported by the Chicago Tribune.

ComEd's parent company, Exelon, is the country's largest nuclear power utility. In 2016, many of the same corporate and political players now implicated in the current alleged bribery scandal, were also involved in the passage of a $2.35 billion nuclear bailout bill, at ratepayer expense, to prop up operations at three dangerously age-degraded atomic reactors in IL.

Thursday
Nov192020

Madigan denies wrongdoing in wake of latest indictments

As reported by A.D. Quig at Crain's Chicago Business.

ComEd's parent company, Exelon, is the country's largest nuclear power utility. In 2016, many of the same corporate and political players now implicated in the current alleged bribery scandal, were also involved in the passage of a $2.35 billion nuclear bailout bill, at ratepayer expense, to prop up operations at three dangerously age-degraded atomic reactors in IL.