Now before I begin, I realize it's uncouth to post techs and building levels, though it's pretty impossible to get around that in this case.

On the information page for reactors, the formula for output is given as:

30×[Level of Reactor]×(1.05+[Level of Energy Tech]×0.01)^[Level of Energy Tech]

When I checked my resource page to see if that was correct, I plugged my tech levels into the blanks, which got me:

30×17(1.05+(22×0.01))^17

To which the answer is 29,664.25. Currently that reactor is producing roughly four times that amount, or 118,657.

What I'm curious about is what the actual equation is, and why the current equation is wrong.

Universe speed affects production. Nonetheless, the equation is wrong and we should fix it across all universes, puting the correct number there (for X-TREME,it is 4 as you found out)