Buddy, can you spare $7.5 billion? Our view: Constellation's withdrawal from federal loan guarantee program spells trouble, but not an end, for new nuclear power plant at Calvert Cliffs

Is loan withdrawal the end of Maryland nuclear expansion?

 

Constellation Energy Group's withdrawal from a $7.5 billion loan-guarantee application is a major hiccup for the expansion of its Calvert Cliffs nuclear power plant in Maryland, but a pending climate-change bill in Congress could ease problems for project developer Constellation and its partner, Electricite de France, argues The Baltimore Sun editorial board. While budget concerns could leave Constellation and EDF in the lurch, the editorial argues that Marylanders should also be alert, as the plans were meant to create an efficient, affordable supply of energy for the future. The Sun (Baltimore)

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• Constellation Drops Nuclear Plant Denting EDF's Plans (businessweek.com)
• Constellation Energy says loan backstop too costly (seattletimes.nwsource.com)