SOURCE: Industrial Info Resources

Industrial Info Resources

October 15, 2010 05:00 ET

Constellation Energy Exits Calvert Cliffs Unit 3, Stunning Industry and Potentially Slowing Nuclear Renaissance, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 15, 2010) -  Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Plans to revive nuclear power in the United States were jolted earlier this month, when Constellation Energy Group Incorporated (NYSE:CEG) (Baltimore, Maryland) withdrew from the Calvert Cliffs Nuclear Power Station Unit 3 project, citing unacceptably high costs and unfavorable terms attached to a federal construction loan guarantee. The surprise move left Maryland lawmakers and French utility Electricitie de France SA (EPA:EDF) (Paris), Constellation's partner in Calvert Cliffs Unit 3, scrambling to keep the project alive.

Other companies featured: NRG Energy Incorporated (NYSE:NRG)

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