Search
JOIN OUR NETWORK

     

     

 

 

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.

.................................................................................................................................................................................................................

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.

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.