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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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Friday
Jul312020

3 years later: How the fallout from SC’s $9 billion nuclear fiasco continues

As reported by the Post and Courier.

Not mentioned in the article is the fact that David Wright, who presided over the Summer 2 & 3 debacle as president of the South Carolina Public Service Commission, was nonetheless "promoted" by President Trump and the U.S. Senate, as a U.S. Nuclear Regulatory Commissioner.

Thursday
Jul302020

House GOP faces cash shortage after it ousts Larry Householder as speaker

More fallout from the Ohio nuclear bailout/bribery scandal, as reported by the Columbus Dispatch.

Thursday
Jul302020

FirstEnergy's 'brazen arrogance' seen in Householder scandal too, critics claim 

Thursday
Jul302020

7/29/20: Beyond Nuclear on Radio Sputnik's "Loud & Clear"

Wednesday’s regular segment, Beyond Nuclear, is about nuclear issues, including weapons, energy, waste, and the future of nuclear technology in the United States. Kevin Kamps, the Radioactive Waste Watchdog at the organization Beyond Nuclear, and Sputnik news analyst and producer Nicole Roussell, join the show.
Today's episode provides an update on nuclear bribery and fraud scandals in Ohio, South Carolina, and Illinois, resulting in and amounting to as much as $15 billion in "wealth transfer" from hardworking Americans, to the nuclear industry.
Tuesday
Jul282020

Madigan, ComEd and corruption: Timeline of how the investigation unfolded

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.