Constellation wants progress on loan guarantee for Md. project

http://www.baltimoresun.com/business/bs-bz-constellation-earnings-20100728,0,5646592.story?track=rss
Mayo Shattuck, CEO of Constellation Energy Group, said failure to secure a federal loan guarantee for the planned expansion of the Calvert Cliffs power station by summer's end could put the project at risk. The delay has started to hinder the possibilities for the Maryland project, Shattuck said, adding that the company has been forced to reduce spending. "We can't keep going at the rate that we're going without clarity on the loan guarantee," he added. The Sun (Baltimore)