The current US administration, the OMB and US policy makers have failed to close the deal with Constellation, good candidates for a Nuclear Plant at Calvert Cliffs in Maryland which was to be an additional unit at the existing Nuclear Plant site. (SEE updates at bottom of page)

According to several more involved bloggers the recent deal with Constellation fell through because the US wanted the corporation to pay a hefty nonrefundable fee of $880 Million dollars as well as accept a large risk of non-guaranteed investment protection. Rod Adams points out that the same day the deal went bad a deal was made in California for a Wind Farm with far different friendly dealings. Clearly there is still a problem getting Nuclear Energy off the ground. Rod also points out that if it’s jobs they care about the Nuclear deal would have gone a lot further than the wind farm deal. Rod Adams is understandably upset:

http://atomicinsights.blogspot.com/2010/10/loan-guarantee-foolishness-by-folks.html

So is Dan Yurman: “…The Obama administration, which has been overwhelmed with other issues, has allowed the future of the nuclear energy industry to slip below its radar screen. The White House de-facto ceded energy policy to bean counters and sent the wrong signal not only in this country, but also to the rest of the world….”

Dan Yurman’s blog: http://djysrv.blogspot.com/2010/10/constellation-walks-away-from-calvert.html

and Matt Holzmann:

http://oceanaris.wordpress.com/2010/10/09/obamas-scam-on-nuclear-energy/

NICOLE DAO posted this Oct. 12, 2010

http://somd.com/news/headlines/2010/12596.shtml

…Federal and state officials are attempting to revive a plan to develop a third nuclear reactor in Calvert County, a project that could create more jobs and develop energy in Maryland…

The article also states that anti-nuke organization PIRG wants to take over plans for their own renewables of solar and wind.

A project to help bring 6,000 megawatts of wind energy — enough to power 1.9 million households — from wind farms off the coast of the Mid-Atlantic states to the mainland was proposed this week by Trans-Elect, a Maryland-based company, which plans to lay a 350-mile transmission cable from northern New Jersey to southern Virginia. The project would allow any new wind farms to feed clean, renewable energy into the cable, helping Mid-Atlantic states to meet their renewable energy goals.

Washington Post Steven Pearlstein added some new perspective EDF rescued the original financially troubled Constellation and after enabling them to stay afloat and went to considerable lengths to assist in the nuclear deal



Constellation’s fallout with French firm unfortunately the new business as usual



Reactor under microscope – Constellation, officials working to keep CC3 project going (Oct. 20, 2010)

see Dan Yurman’s post

Deal between EDF and Constellation saves Calvert from ending



