Constellation asks $1 for stake in nuclear plant

Constellation: EDF can buy stake in Md. nuclear project for $1
Constellation Energy Group is prepared to sell its share of the Calvert Cliffs nuclear project to Electricite de France for $1, said Michael Wallace, chief operating officer of Constellation. The company said it would request $117 million in reimbursement costs for the Maryland project. "Market forces have worked against us," including weak natural gas prices and escalating construction expenses, Wallace added. Bloomberg Businessweek/The Associated Press

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