Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, September 24, 2010

Aid Sought for Nuclear Plants By MATTHEW L. WALD

Will a reactor be added? The Calvert Cliffs nuclear plant in Lusby, Md.Constellation Energy Will a reactor be added? The Calvert Cliffs nuclear plant in Lusby, Md
CEG assesses factors needed for Calvert Cliffs expansion
Constellation Energy Group may need more than just federal loan guarantees for it to press forward with a third reactor at its Calvert Cliffs nuclear plant in Maryland, said CEO Mayo Shattuck. Since Calvert Cliffs is a "merchant" plant, it would benefit from high prices for competing fuels and high demand. But if prices are weak, owners may be unable to pay back construction loans. "I'd like to think we could get over the hurdle of this merchant dilemma," he added. The New York Times (free registration)/Green blog
.http://green.blogs.nytimes.com/2010/09/23/aid-sought-for-nuclear-plants/?ref=energy-environment
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