Linda Pentz Gunter It would be tempting to describe last week’s nuclear scandals — in three states — as something out of the Wild West. But Al Capone’s Chicago would be a more accurate analogy. While no actual shots were fired, some pretty powerful metaphorical ones were, warnings that engaging in criminal racketeering and fraud to fleece ratepayers over failing nuclear plants would not go unpunished. Over the course of just a single week, politicians, lobbyists and nuclear industry executives in Illinois, Ohio and South Carolina were reeled in and, in some cases, charged with high crimes for covering up illegal schemes that bought power, votes, legislation and huge bailouts for foundering nuclear power plants while squeezing ratepayers for the bill.
Counter Punch 3rd Aug 2020 read more »
Exelon may be forced to close its Illinois nuclear plants if state legislation is not passed to bolster their eroding financial prospects. But subsidiary utility Commonwealth Edison’s involvement in a bribery scandal has complicated this and other key policy efforts in its home state.
GTM 4th Aug 2020 read more »