Constellation Energy Exits Calvert Cliffs Unit 3, Stunning Industry and Potentially Slowing Nuclear Renaissance
Constellation Energy Exits Calvert Cliffs Unit 3, Stunning Industry and Potentially Slowing Nuclear Renaissance
SUGAR LAND--October 15, 2010--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Plans to revive nuclear power in the United States were jolted earlier this month, when Constellation Energy Group Incorporated (NYSE:CEG) (Baltimore, Maryland) withdrew from the Calvert Cliffs Nuclear Power Station Unit 3 project, citing unacceptably high costs and unfavorable terms attached to a federal construction loan guarantee. The surprise move left Maryland lawmakers and French utility Electricite de France SA (EPA:EDF) (Paris), Constellation's partner in Calvert Cliffs Unit 3, scrambling to keep the project alive.
Other companies featured: NRG Energy Incorporated (NYSE:NRG), Fluor Corporation (NYSE:FLR), Berkshire Hathaway (NYSE:BRK.A), Dominion Resources (NYSE:D), Duke Energy (NYSE:DUK), Entergy Corporation (NYSE:ETR), Exelon Corporation (NYSE:EXC)
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