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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

Wednesday
Nov182020

Ex-ComEd CEO, 3 others indicted

Defendants include former ComEd lobbyist Michael McClain

As reported by Crain's Chicago Business.

Exelon Nuclear enjoyed a $2.35 billion, ratepayer-funded nuclear power bailout for dangerously old reactors, in Dec. 2016. IL House Speaker Madigan, implicated in the bribery scheme described in the article, was central to Exelon's lobbying success in the nuclear bailout scheme. Exelon has sought additional nuclear bailouts since, including currently.

Wednesday
Nov182020

Madigan confidant and ex-ComEd CEO charged with bribery in lobbying scheme

Named in the indictment are Madigan friend Michael McClain, ex-ComEd CEO Anne Pramaggiore as well as former ComEd lobbyist John Hooker and Jay Doherty, the ex-president of the City Club.

As reported by the Chicago Sun-Times.

Monday
Nov162020

FBI agents search PUCO chairman’s home

As reported by Fox19 Now t.v. in OH.

Although not yet confirmed, it appears highly likely that the FBI raid on the Public Utility Commission of Ohio chairman Sam Randazzo is connected to the nuclear power alleged bribery/bailout scandal. The scandal involves FirstEnergy Nuclear, which allegedly bribed OH's speaker of the state house, Larry Householder, to the tune of $61 million. The alleged bribe was made in order to secure, and defend, a $1.3 billion bailout, at Ohio ratepayer expense, to prop up two dangerously age-degraded, economically failed atomic reactors on the Lake Erie shore, as well as dirty old coal burners, including a plant in Indiana.

Before succeeding at the OH state legislature, FirstEnergy had tried, time and time again for several long years, to secure its nuclear bailout at the PUCO. But it was blocked time and again by opponents, including Beyond Nuclear, on behalf of our members and supporters in OH.

Thursday
Nov122020

OHIO NUKE BAILOUT SCANDAL: Yet more FirstEnergy officials fired

In July, news broke that FirstEnergy (FE) Nuclear allegedly bribed the Ohio House Speaker, Larry Householder, and others, with $61 million to secure and defend a $1.3 billion ratepayer bailout for its dangerously age-degraded Davis-Besse and Perry atomic reactors on the Lake Erie shore, as well as dirty, old coal burners, including one in Indiana.

On October 29, the U.S. Attorney announced guilty pleas from two co-conspirators -- a top aide to Householder, and a FE lobbyist. In response, FE abruptly fired three top executives, including CEO Chuck Jones. Now FE has fired its top legal and ethics officers.

Ohioans, please take action: demand the state legislature repeal the scandalous, allegedly criminally obtained nuclear/coal bailout. (Or spread word to Ohioans you know.)  
Thursday
Nov052020

Ohio Nuclear Bailout Scandal -- WHAT YOU CAN DO!

What can you do? If you live in Ohio, please contact your Ohio State Representative, your Ohio State Senator (find your legislators and their contact information via those preceding links), and Governor DeWine. Urge them to do all they can to quickly repeal House Bill 6 (HB6), and revoke FE's ill-gotten $1.3 bailout at public expense. You can also write your state legislators via the easy-to-use webform at https://repealhb6.com/, where you can also learn more, by accessing articles, watching the video recordings of the three "People's Hearings" held in recent weeks, and signing up to receive updates on the HB6 repeal campaign. (If you don't live in Ohio, please forward this action alert to people you know who do!)