Finance

RSS

Michael Madigan, 83, was sentenced to seven-and-a-half years in federal prison for bribery, conspiracy and racketeering actions intended to benefit electric utility ComEd. 

UK, which will be plant's majority owner, also selected Rolls-Royce SMR as preferred bidder to build small modular reactors at major nuclear power sites and elsewhere.

U.S. Dept. of Transportation staff finalized another 529 grant agreements from the “backlog” of 3,200 awards that Transportation Secretary Sean Duffy said had not been signed by the start of the Trump administration.

Lawmakers have proposed rescinding funding for other types of projects supported by the U.S. Energy Dept.

Bill allows project sponsors to pay "opt-in fee" for expedited environmental reviews, and calls for repeal of sections of the Inflation Reduction Act.

Federal Railroad Administration officials are skeptical that the state can complete an early operating rail segment by 2033 as set in a grant agreement.

Movement in the construction job force has been slow amid the current economic uncertainty. 

Amendments to a pair of FHWA grant programs remove requirements around climate change, environmental justice, DEI and workforce development.

Cement producers, other construction material suppliers and carbon capture system developers are among 24 DOE grant recipients to have millions in project funding canceled.

Continued economic uncertainty is a catalyst for the decline in spending, industry economists say.