Baltidome Blog | Baltimore Green News

Another Step Closer To A Third Nuclear Reactor At Calvert Cliffs

Constellation, EDF Agree On Nuclear Venture Terms

Nuclear_SymbolBy BRIAN WITTE, Associated Press Writer Brian Witte, Associated Press Writer Mon Nov 2, 11:32 am ET

ANNAPOLIS, Md. – Constellation Energy Group and France’s EDF agreed Monday with conditions set by Maryland regulators to move forward with a $4.5 billion joint nuclear venture.

Constellation said it had received approval from its board and that the Baltimore-based company is “now moving to close the transaction as quickly as possible.”

EDF is seeking to acquire nearly half of Constellation’s nuclear assets. Constellation has said the joint venture with EDF will enable it to build a third reactor at the Calvert Cliffs Nuclear Power Plant in Lusby in southern Maryland to meet future energy demands.

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