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ComEd Bribery Scandal Clouds Picture for Exelon’s Illinois Nuclear Plants

GreenTechMedia

” At the same time, Crane noted the company is “in the middle of trying to work through legislative strategy in Illinois” that would offer its nuclear power plants in the state an alternative path to earning capacity market revenue that is seen as a critical component of their future financial viability.

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Congress votes to advance nuclear energy development in the US

The Verge: Energy

Diablo Canyon nuclear power plant in California on Oct. Laura Dickinson/San Luis Obsipo Tribune/Tribune News Service via Getty Images Congress has passed a bill aimed at giving nuclear energy a boost in the US. Other groups are concerned about health and environmental risks with nuclear energy.

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ComEd Agrees to $200M Fine on Federal Bribery Charge

GreenTechMedia

Illinois’ Future Energy Jobs Act, passed in late 2016, qualified Exelon’s Clinton and Quad Cities nuclear power plants to receive hundreds of millions of dollars per year as zero-carbon resources. Under a landmark 2011 state law, ComEd has spent $2.6 ComEd is also struggling to justify its $9.53

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Renewables are 87% of new U.S. generating capacity so far this year

Renewable Energy World

available installed generating capacity – a share significantly greater than that of coal (18.88%) and more than three times that of nuclear power (8.32%). “And this growth can only accelerate if recent COP26 commitments are kept and the proposed federal Build Back Better legislation is enacted into law.”

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ComEd’s Favorable Regulatory Treatment for Grid Investments Comes Under Fire

GreenTechMedia

For the past nine years, Chicago-based utility ComEd has earned excessive profits from a regulatory structure set in place by a 2011 state law whose passage has been linked to a bribery scandal that’s embroiled key state lawmakers and ComEd’s former CEO. The workings of the 2011 Energy Infrastructure Modernization Act.

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After Pandemic, New York’s Buildings Face Daunting Decarbonization Mandate

GreenTechMedia

Saturday marked the one-year anniversary of the passage of perhaps the most ambitious law ever adopted by a U.S. Local Law 97, one of 10 bills in the sweeping Climate Mobilization Act , requires New York City’s 50,000 largest buildings to reduce their carbon emissions by 40 percent by 2030 and by 80 percent by 2050.

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EU Scientists and Politicians Clash Over Gas and Nuclear as ‘Sustainable’ Investments

DeSmogBlog

Between March and July 2020, nuclear lobbies met with EU representatives twice as often as they did in 2018, according to the non-governmental organization Reclaim Finance. In response, the European Commission asked its Joint Research Centre (JRC) to assess the absence of significant environmental harm from nuclear power.