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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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Germany Settles Nuclear Phaseout Legal Disputes for $2.9B

GreenTechMedia

million were made to EnBW and EON/PreussenElektra to make up for investments made at plants when their licenses were renewed in 2010. Part of RWE’s compensation also covers some investments made. In 2016 and 2020, the Federal Constitutional Court in Germany indicated compensation for lost power generation was fair.

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New technologies for nuclear waste disposal: UK-Japan research collaboration kicks off

Envirotec Magazine

On 11th March 2011, a major earthquake followed by a tsunami caused an unprecedented accident in the Fukushima nuclear power plant in Japan. These new investments are an example of this. Fukushima Dai-ichi reactors suffered core meltdowns in the following days.

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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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IEA warns clean energy transition 'harder, riskier, and more expensive' without nuclear

Business Green

International Energy Agency argues nuclear power can play a significant role in supporting transition to a renewables-dominated energy system worldwide. However, it still expects renewable electricity sources to dominate the global energy mix, with nuclear power projected to make up only around eight per cent of the mix by mid-century.

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

DeSmogBlog

The European Union’s scientific and political communities are locked in a battle over whether gas and nuclear can be considered green investments. It’s a “green investment guidebook,” said Henry Eviston, spokesperson on sustainable finance at WWF European Policy Office. Like Greece, Italy has a huge stake in gas.

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T-pylons: National Grid electrifies first low-carbon pylon project

Business Green

The development is also a major milestone for the Hinkley Connection Project, which aims to connect six million buildings in the South West to local, low carbon energy supplies, including the Hinkley Point C nuclear power station currently under construction in the area.

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